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Noitfc Carofcna Sfafe Library 
Raleigh 

TENTH ANNUAL REPORT 






THE NORTH CAROLINA 



CORPORATION COMMISSION 



FOR THE 



YEAR ENDING DECEMBER 31, 1908. 



COMPILATIONS FROM RAILROAD RETURNS 
ARE FOR YEAR ENDING JUNE 30, 1908. 



RALEIGH 

E. M. UzzELL & Co., State Printers and Binders 

1909 



'* 

■♦ 



CORPORATION COMMISSION. 



FRANKLIN McNEILL, 

Chairman. 
SAM; L. ROGERS, 
E. C. BEDDINGFIELD, 

Commissioners, 



Henry C. Brown, Clerk. 

O. S. Thompson, Tax Clerk. 

Miss E. G. Riddick, Stenographer. 



BANK EXAMINERS. 

F. J. Haywood, Jr. 

W. L. Williams, Jr., Assistant. 



DEPAKTMEIS^T 



CORPORATION COMMISSION, 

Franklin McNeill, Sam. L. Rogers, E. C. Beddingfield, 

Chairman. Commissioner. Commissioner. 

H. C. Brown, Clerk. 



Raleigh, December 31, 1908. 
His Excellency, R. B. Glenn, 

Governor of North Carolina, 

Raleigh, N. C. 

Sir : — We hand you herewith our report for the year 1908, it being 
the tenth annual report of the Corporation Commission, We include 
in this report the cases disposed of during the calendar year : the annual 
reports of railroad companies, street railway companies, telegraph com- 
panies, telephone companies, and the Southern Express Company, for 
the fiscal year ending June 30, 1908. This report also contains reports 
of the condition of their business on the 27th day of JSTovember, 1908, 
of each of the State, private and savings banks of the State. . This re- 
port also contains the assessment of all property required by law to be 
assessed by the Corporation Commission, and shows the distribution 
made thereof to the counties and municipalities of the State. The 
report also shows the amount of incomes returned for taxation, with the 
taxes computed thereon, and the distribution of saine, by counties. 



RAILROADS. 



This report shows there were in operation during the year forty-nine 
railroad companies, with 4,351 miles of road, not including double and 
side tracks. There were 829 miles of side track. Of this mileage the 
Southern Railway operated 1,332 miles of main line, by reasons of 
ownership, ownership of stocks and bonds or by lease, and 281 miles of 
side track; the Atlantic Coast Line Railroad Company operated 947 
miles of main track, owned lines, and 259 miles of sidings; the Seaboard 
Air Line Railway operated 616 miles of main line track and 153 miles 
of side track; the ISTorfolk and Southern Railway operated 467 miles 
of main line and 71 miles of sidings. 



IV ^^. C. CORPORATION COMMISSION. 

The Carolina, Clinclifield and Ohio Railway completed its line from 
Johnson City to Bostic during the year, and this, with other railroads 
constructed during the year, added 245 miles of main line to our rail- 
'road mileage. 

We regret to report that two of the large railroad companies, to-wit, 
the Seaboard Air Line Railway and the I^orfolk and Southern Railway, 
were placed in the hands of a receiver during the year for failure to meet 
their liabilities. 

The gross earnings of steam railroads were $27,238,130, a decrease of 
$1,053,600, compared with the earnings of the year 1907. The total 
passenger earnings amounted to $7,712,246 ; total freight earnings, $19,- 
247,048; from other sources, $278,835. Operating expenses for the fis- 
cal year amounted to $18,981,259. 

The railroad companies paid taxes in ISTorth Carolina for said year 
amounting to $849,438. 

ACCIDENTS. 

One hundred and twenty persons were killed and' 948 persons were 
injured in railroad operation during the fiscal year. Of those killed, 6 
were passengers, 34 were employees, and 42 were trespassers ; of those 
injured, 334 were passengers, 448 were employees, and 65 were tres- 
passers; $8,869,629 passengers were transported during the fiscal year, 
and 17,906 persons were employed in railroad operation within the 
State during the year. 

FACILITIES. 

Among the facilities provided through the intervention of the Cor- 
poration Commission for the calendar year may be mentioned the estab- 
lishment of through train service daily, each way, from Goldsboro to 
Asheville; passenger service on the ISTew Bern, Pamlico and Oriental 
Division of the ISTorf oik and Southern Railway ; depot facilities at Black 
Mountain, Canton and other places, and sidings at numerous places. 

ASSESSMENT FOR TAXATION. 

The assessed value of all properties assessed by the Corporation Com- 
mission for the year 1908 was $92,982,956, against $91,724,853 assessed 
value for the year 1907. Of this assessment, railroad properties com- 
posed $85,580,803, against $84,833,358 for the year 1907. 

The litigation pending on the date of our last annual report by the 
railroad companies against the Corporation Commission and others in 
the Circuit Court of the United States for the purpose of enjoining 
enforcement of passenger and freight-rate laws passed by the General 
Assembly of 1907 was withdrawn by the railroad companies at the 
special session of the General Assembly in 1908. As is well known, 



LETTER OF TriANS:\[ITTAL. V 

the laws whicli the railroad companies were resisting in this litigation 
were repealed and another rate was established. The evidence was not 
concluded and no report was made by the special master. As the pres- 
ent passenger rate was effective from April 1, 1908, there has not as yet 
been one year's experience by which to determine the results of it upon 
the revenue of the railroad companies. 

In a case in which a railroad agent was indicted for selling tickets at 
a rate in excess of 21/1 cents per mile, while the Corporation Commission 
was enjoined from enforcing the law, and in which the agent was in- 
dicted in the State court and imprisoned, a writ of haheas corpus w^as 
sued out by the prisoner in the United States Circuit Court and the 
prisoner was released, and upon error to the Supreme Court of the 
United States this judgment was affirmed, and it was held that the 
Circuit Court of the United States had acquired jurisdiction of the 
subject-matter and that its injunction must be observed until the final 
hearing. 

In this connection we deem it proper to call attention to the case of 
Railroads v. Corporation Commission of Virginia, recently decided, in 
which it was held that where a department of the State Government 
was established for the regulation and supervision of railroads, with a 
provision that from an order establishing the rate by such department 
the railroad company had the right to appeal to the courts of the State, 
no action would lie in the United States Court to enjoin such rate until 
the right of appeal had been exercised. This clearly points the way to 
preclude the railroad companies from carrying such questions to Fed- 
eral courts without first resorting to the courts of the State. 

INTERSTATE RATES. 

There has been for many years great dissatisfaction with the inter- 
state rates into our State, and in some cases as to rates on freights going 
out of this State. The disparity of such rates to Virginia cities just a 
short distance north of us is great, and the effect of such disparity is 
.to build up commerce to Virginia cities at the expense of our ov»ai cities 
and towns. The Chamber of Commerce of Wilmington brought a pro- 
ceeding before the Interstate Commerce Commission in 1899 to correct 
this grievance and properly adjust interstate rates to Wilmington, ]^. C. 
An order was obtained which would have secured the object to some 
extent, but the Federal court declined to enforce this order. 

A few years later the board of trade of the city of Charlotte brought 
a proceeding before the Interstate Commerce Commission, alleging dis- 
crimination in favor of Virginia cities against Charlotte, and, while 
the discriminations were clearly established, the Interstate Commerce 



VI ^T. c. CORPORATION COM^ITSSION. 

Commission felt i^owerless to afford relief on account of dissimilarity 
of conditions existing at Charlotte and at Virginia cities. In both of 
these proceedings our Commission rendered every aid in their power. 

From time to time complaints as to interstate rates were made to our 
Commission. The act establishing the Commission authorizes them to 
consider all complaints as to discriminations in interstate rates, and, if 
satisfied that the same were unlawful, to bring proceedings before the 
Interstate Commerce Commission to correct the same. This act was 
amended, so as to include complaints as to unjust and unreasonable as 
well as discriminatory rates, by the General Assembly of 1907, upon 
the recommendation of this Commission. 

Upon investigating complaints from shippers and consignees in cities 
and towns, the Corporation Commission found that such complaints 
were well-founded, and that unjust and unreasonable and also discrim- 
inatory rates were charged into and out of Winston-Salem and Durham, 
in which the ISTorfolk and Western Railway, the Louisville and ISTash- 
ville Railway and the Cleveland, Cincinnati, Chicago and St. Louis (the 
Big Four) Railway were all more or less interested, and accordingly 
brought a proceeding before the Interstate Commerce Commission to 
correct the grievances. 

Testimony was taken at Raleigh and Winston-Salem, and the case 
was heard before the Interstate Commerce Commission at Washington, 
D. C, on the 22d day of October, 1908. 'No decision has been made in 
this case. 

Some of the grievances called to the attention of the Interstate Com- 
merce Commission in this proceeding were as follows : The rate on lum- 
ber from Durham to Cincinnati, Columbus and other western points had 
been for a number of years 25 cents on the hundred pounds, car-load 
minimum 24,000 pounds, while the rate on lumber from Fairntosh, a 
station on the N"orfolk and 'Western Railway, next north to Durham, 
nine miles distant, and all other stations between Durham and Lynch- 
burg, had been 16 cents a hundred pounds, minimum car load 24,000 
pounds, for ten years prior to July 1, 1907, on which last date the rate 
was raised to 23% cents per hundred pounds, car load, from Fairntosh 
and from all other stations between Fairntosh and Lynchburg on a 
gradually descending scale. 

This advance in rates was made in order to prevent shippers on rail- 
roads connecting with the ISTorfolk and Western Railway at Durham 
from shipping to Fairntosh and other stations on the l^orfolk and West- 
ern Railway and paying the sum of two locals and then reshipping at 
local rate, by which there was a savings in freights of about $10 a car 
load. 



LETTER OF TRANSMITTAL. . Vll 

The rate on coal from the Pocahontas coal region to Winston-Salem 
and Durham is $2.40 on domestic and $2.30 on steam coal per ton; 
car-load rate from same territory to Roanoke is $1.20 per ton, and from 
Lynchburg and other Virginia cities $1.50 per ton. About 90 per cent, 
of the coal shipped over the Winston-Salem and Durham divisions was 
destined to points beyond these cities, and the JSTorfolk and Western's 
prorate of such hauls was $1.12 per ton; in other words, the JSTorfolk 
and Western hauled approximately 90 per cent, of its coal over the 
Winston-Salem and Durham divisions for $1.12 per ton, and charged 
$2.40 and $2.30 per ton on the remaining ten per cent, of coal destined 
to Winston-Salem and Durham. 

The rate on grain from Cincinnati to Roanoke and other Virginia 
cities is 13 Cents per hundred pounds, while the rate on grain to Winston- 
Salem and Durham is 29 cents. The distance from Cincinnati to Roa- 
noke is 457 miles, and from Cincinnati to Winston-Salem 572 miles. 

The rate on grain from Louisville to Roanoke and Lynchburg is 11 
cents; the rate from Louisville to Winston-Salem and Durham is 29 
cents. This 11 cents is divided between the Louisville and l^ashville 
Railway and the Norfolk and Western Railway, so that 18 cents is 
added to the rate for extending the haul to Winston-Salem and Durham. 

The rate on grain from Chicago to Roanoke and other Virginia cities 
is 16 cents, while the rate to Winston-Salem and Durham is 34 cents 
per hundred pounds. 

These are only some of the differences in rates which were shown to 
exist in the above case. The Commission confidently expects an order 
from the Interstate Commerce Commission affording substantial relief 
from the grievances which now exist in interstate rates into and from 
our territory. 

STEEET RAILWAYS. 

Street railways reporting to the Commission show capital stock 
amounting to $4,184,700, as against $3,371,500 in 1907. Their gross 
earnings for the fiscal year were $1,398,448 in 1908 and in 1907 $1,269,- 
667. Operating expenses for the same period, 1908, were $981,710; in 
1907, $939,402. There are ninety miles of street railway in the State. 
The street railways transported 15,999,260 passengers during the year. 

TELEPHONE AND TELEGRAPH COMPANIES. 

There are 102 telephone companies in the State with capital stock 
of $3,129,620. Their reports show that they have 11,945 business phones 
and 18,057 residence phones in use. Their mileage consists of 5,866 
miles of poles and 30,545 miles of wire. They are assessed for taxes 
at $1,401,334. 



Vlll • ^. C. CORPORATION COMMISSION. 

There are only four telegraph companies in the State, the largest 
being the Western Union Telegraph Company, with 3,610 miles of poles 
and 22,453 miles of wire. The aggregate assessed value of the com- 
panies amounts to $917,974. 

BANKS. 

There were 306 State, private and savings banks doing business in 
N'orth Carolina at the end of the year 1908. The report of the condi- 
tion of banks subject to our supervision on the 27th day of November, 
1908, date of last call, showed total resources, $47,915,076 ; capital stock, 
$7,602,058, and deposits, $31,995,995. 

We think it a matter of congratulation that no State, private or sav- 
ings bank failed or suspended during the year, notwithstanding the 
panic. In fact, there has not been a failure or suspension during the 
last three years, and only three failures in which depositors lost any 
money during the ten years in which the Corporation Commission has 
had supervision. 

Each bank in the State was examined by examiners once, and such as 
required it, oftener. A written report of such examination was made 
to the Corporation Commission, as required by law, and each bank 
made five reports of its condition at dates called for. 

There is a tendency towards including in bank provisions power to 
do other than banking business. We think this is unfortunate. In our 
view, banking privileges alone are of sufficient importance to be con- 
ferred by one charter. Respectfully, 

Franklin McN'eill, 

Chairman. 
Sam. L. Kogers, 
E. C. Beddingfield, 

Commissioners. 



DECISIONS 

AND 

ADJUSTMENT OF COMPLAINTS. 



CITIZENS OF HICKORY v. SOUTHERN RAILWAY COMPANY AND THE 
CAROLINA AND NORTHWESTERN RAILWAY COMPANY. 

This proceeding was begun March 3, 1903, and such proceedings were had 
that an order was made on December 7, 1003, requiring defendants to provide 
adequate and safe freight depot facilities at Hickory. 

The Southern Railway Company began to erect a building at the east end 
of the present station and was enjoined by the citizens of Hickory in an 
action in the Superior Court of Catawba from proceeding with this work, on 
the ground that such erection would create such danger at the crossing of 
the railroad on Marshall Street, a short distance east therefrom, as to con- 
stitute a public nuisance, and this judgment of the Superior Court was af- 
tirmed by the Supreme Court. 

After conclusion of this case and on August 4. 1006, the Corporation Com- 
mission renewed order of December 7th and directed work to be begun on 
or before September 4, 1006. Exceptions were filed to this order which were 
heard and overruled on September 21, 1906. 

Afterwards a petition was filed by complainants, alleging that while the 
Southern Railway had desisted from erecting building at the east end of the 
depot that said railway was attempting to carry out the order of the Com- 
mission by erecting a building at the west end of present depot building, and 
that this was as objectionable as an erection on the east end, and praying 
that the Commission require the Southern Railway to choose some other 
and more eligible site. 

Pending this petition the Southern Railway Company applied for and were 
granted a rehearing of the case in the Supreme Court, and the judgment of 
that Court was modified so as to direct the Superior Court of Catawba to 
dissolve the injunction, upon being satisfied that the Southern Railway had 
erected gates or barriers on its right of way across Marshall Street and 
providing a gateman and maintaining the same, so as to afford protection 
to persons using said crossing from injury by passing trains. 

The Corporation Commission held a session at Hickory on January 4, 1907. 
Petitioners were represented by E. B. Cline. T. M. Hufham and W. A. Self, 
attorneys, and J. D. Elliott, mayor. Defendant Southern Railway was rep- 
resented by A. B. Andrews, first vice president, and W. B. Rodman, counsel ; 
and the Carolina and Northwestern Railway Company by L. T. Nichols, gen- 
eral manager. 

Counsel for the Southern Railway answered orally, that that company in- 
tended to obey the order of the Commission by erecting a building at the 
west end of the present station and adding a platform thereto, and by re- 
moving the track of the Carolina and Northwestern Railway from the north 
1 1 



Z N. C. COEPOEATION COMMISSION. 

side to the south side of the station, and by reforming the yard, so that the 
switching would be done west of Marshall Street and not across said street, 
as heretofore. 

Parties were given an opportunity to introduce evidence, and such evidence 
was taken down by a stenographer and reduced to writing and filed in this 
case. From this evidence and from the record, and from personal inspection 
and examination by the Corporation Commissioners of the present depot site 
and others proposed, the following facts are found : 

The present depot at Hickory was erected in 1860, before there was any 
town or village where there is now a town of about 6,000 population, and this 
depot has never been added to or enlarged. The revenue received from 
freights, in and out, at this station will average about $30,000 per month. 
The depot is now owned by the Southern Railway and used by that company 
and the Carolina and Northwestern Railway Company. The tracks of the 
Southern Railway being immediately on the south side of said depot and the 
tracks of the Carolina and Northwestern Railway being immediately on the 
north side of said depot, there is no approach to said depot by wagon and 
team, except at the v>"est end, and this would place the wagon and team be- 
tween the main tracks of both railroad companies, on which cars are more 
or less constantly moving, or on the north side thereof, and this would place 
the wagon and team on the main track of the Carolina and Northwestern 
Company for loading and unloading freight. This was considered by the 
Commission dangerous and a condition which should be removed. It appeared 
that the crossing of defendants' tracks at Marshall Street was one of the 
most frequented thoroughfares of the town. The present depot is utterly 
inadequate and not commensurate with either the revenue or business of the 
station. The evidence tended to show that it is unsafe and that it is imprac- 
ticable to add to it or repair it. The Carolina and Northwestern Railway 
tracks should be removed to the south side of the station. 

It is ordered that the Southern Railway Company erect a freight depot, 
commensurate with the revenue and business of Hickory, between Marshall 
Street and Bruns Street, and not nearer Marshall Street than the eastern 
end of the present warehouse, and that the track of the Carolina and North- 
western Railway Company be moved to the south side of the station, and that 
the yards be so arranged that the shifting will be done west of Marshall 
Street; and, upon the grading of North Morganton Street by the city of 
Hickory, that the Southern Railway Company open a way under the railroad 
tracks along Bruns Street, connecting North and South Morganton Street; 
and that the subway be made at least thirty-five feet wide and twelve feet 
deep. 

It is further ordered that the plan and specifications for this building be 
filed with this Commission on or before February 15th, and that the work 
be begun thereon on or before April 1st. 

This cause is continued for further directions. 

Feanklin McNeill, 

January 12, 1907. Chairman. 



DECISIONS Al^D COMPLAINTS, 6 

CITIZENS OF HICKORY v. THE SOUTHERN RAILWAY COMPANY AND 
THE CAROLINA AND NORTHWESTERN RAILWAY COMPANY. 

This cause coining on for fiirtlier order, on petition of the plaintiffs, ]3re- 
sented by their attorneys, M. H. Yount and Self & Whitener, September 14, 
1907, at Hicls:ory, alleging that in December, 1903, the Commission adjudged 
that the present depot facilities at Hickory for the handling of freight were 
insufficient and inadequate and, as operated, were unsafe, and that the Com- 
mission ordered that the defendants should provide adequate and "safe facilities 
for the handling of freight at Hickory, and, to provide safe facilities, the 
tracks of the Carolina and Northwestern Railway Company were to be 
moved to the south side of the depot ; that the condition is as unsafe, if not 
more so, than it was in 1903; that the lives and property of the citizens are 
hazarded every hour of the day by the maintenance of this danger and 
nuisance ; that the city authorities have used every means in their power to 
secure the removal of it, and have failed ; and it appearing from the petition 
of the plaintiffs that the matter complained of is a failure of the defendants 
to comply with the Commission's order in this cause in respect to the removal 
of the track of the defendant Carolina and Northwestern Railway Company 
from the north to the south side of the freight w^arehouse ; and it appearing 
from the record in this cause that, among other things required of the de- 
fendants to be done at Hickory, they were ordered to move the tracks of the 
Carolina and Northwestern Railway Company to the south side of the freight 
station ; and whereas the same has not been done ; and it appearing that 
a reasonable time in which to comply with the said order has elapsed : 

Now, therefore, the defendants, the Southern Railway Company and the 
Carolina and Northwestern Railway Company, are hereby ordered to appear 
before the Corporation Commission, at their office in Raleigh, within ten days 
from this date, and show cause, if any they have, wdiy the physical con- 
nections of the defendants' roads are not made so traffic may move properly 
on the south side of the freight depot and that the track of the Carolina and 
Northwestern Railway Company is not moved from the north side of the 
freight depot at Hickory. Sam, L. Rogees, 

September 19, 1907. — Chairman pro ton. 

N. R. PIKE V. ATLANTIC COAST LINE RAILROAD COMPANY. 

Complaint was filed in this case, alleging that complainant had filed, on 
May 20, 1907, an order for two cars to be placed at Bagley siding, to be loaded 
with wood consigned to Wilson, N. C, and that deposit was made, as required 
by the rule, and that the cars were not furnished; and that complainant de- 
manded the penalty therefor on May 27, 1907. These allegations have not 
been denied, though complaint was served on defendant August 8, 1907. 

Upon investigation, it is found that the order was placed and defendant 
failed to furnish cars, as alleged ; that this failure extended three days over 
free time allowed by the rule, and one of these days was Sunday; and that 
complainant demanded payment of the penalty; so that defendant was in 
default for two days. 

The Corporation Commission is of the opinion, and so finds, that the com- 
plainant is entitled to $4, to be paid by defendant for failing for two days 
to furnish cars applied for. Franklin McNeill, 

January 12, 1908. Chairman. 



4 I^. C. COEPORATIOW COMMISSION. 

IN RE PETITION OF ABERDEEN AND ROCKFISH RAILROAD 

COMPANY. 

It appearing to the Corporation Commission, upon petition of tiie Aberdeen 
and Rockfish Railroad Company, that said company has a mileage of less than 
125 miles, and that about 95 per cent, of all of its freights are joint hauls; 
and it further appearing from the petition filed and from statements of 
earnings that it is just to exempt said railroad company from the discount 
of 15 per cent, on joint hauls imposed by chapter 217, Public Laws of 1907 : 

It is ordered, under and by virtue of amendment to the said act of 1907, 
adopted at the extra session of the General Assembly in January, 1908, 
that the said Aberdeen and Rockfish Railroad Company be and it is hereby 
exempted from the discount on joint hauls of freight over said line of rail- 
road, except on joint rate on fertilizer a discount of 20 per cent, shall be made, 
and on cotton, cotton seed and hulls a discount of 10 per cent, shall be made. 

Feanklin McNeill, 

February 5, 1908. Chairman. 

GREENLEAF-JOHNSON LUMBER COMPANY v. BOARD OF COMMIS- 
SIONERS OF FRANKLIN COUNTY. 

This is a proceeding in the form of an appeal from the action of the Board 
of Equalization of Franklin County to the Corporation Commission as a Board 
of State Tax Commission to reduce the assessment of certain timber interests 
described in the record, in order to equalize the assessment of said property 
with the assessment of the other property in the county. 

For the convenience of the parties, Commissioner E. C. Beddingfleld, after 
due notice to the complainants and to the Board of County Commissioners of 
Franklin County, went to the courthouse at Louisburg on October 25, 1907, 
and heard such evidence as the parties' desired to offer. This evidence was 
taken by a stenographer and typewritten copy thereof made, which is now" on 
file in this office. 

Complainants were represented by Messrs. Ruffin and Bickett, attorneys, 
and the board of county commissioners were represented by F. S. Spruill, 
Esq., attorney. 

At the request of counsel, time was allowed them to file briefs. 

The matter was heard upon the record, the evidence, and the briefs of 
counsel on February 3, 1908. The contention of counsel for the board of 
county commissioners, that the action of the board of equalization is final 
and cannot be reviewed, is not sustained. On the contrary, it is the opinion 
of the Commission that they have jurisdiction to hear complaints in regard 
to assessments of property not made according to law, and to make a true 
and lawful assessment of the same. See Machinery Act of 1907, sec. 6, subsecs. 
1 and 3, and sec. 8. In the latter section it is said : "After the various tax 
lists required to be made under this act shall have been passed upon by the 
county board of equalization, the said several tax lists shall be subject ,to 
inspection by the said Board of State Tax Commissioners or by any member 
thereof; and in case it shall appear or be made to appear to said board that 
property subject to taxation has been omitted from said list, the said board 
may issue an order directing the assessor or lister, whose assessments or 
failure to assess are complained against," etc., etc. "In case said board, or 



DECISIO]SrS AIS^D COMPLAINTS. O 

the member thereof who shall act in said review, shall determine that the 
assessments so reviewed are not assessed according to law, he or they shall, 
in a column provided for that purpose, place opposite said property the 
true and lawful assessment of the same. The action of said board, or member 
taken as provided in this act, shall be final." This act was construed by the 
Supreme Court in the case of Wilson v. Greene, 135 N. C, 343. 

The Tax Commission act does not contain any provision for an appeal, 
but this proceeding will be treated as if begun by petition or complaint. The 
Commission cannot find from the evidence any fact that would justify a 
reduction in complainants' assessment. 

1. It has not been established that there was a rule in the county of 
Franklin, in making assessments in 1907, for assessing property at two-thirds 
of its actual value or at any less figure than its actual value. All property 
is required to be assessed at its true value in money. See sections 13 and 
14 of the Machinery Act of 1907. Market value or true value is defined in 
said act in section 14% as follows : "The intent and purpose of the tax laws 
of this State is to have all property and subjects of taxation fairly assessed 
at their true value in money, in such manner as such property and subjects 
are usually sold, but not by forced sale thereof, and the words 'market value' 
or 'true value,' whenever in the tax laws, shall be held and deemed to mean 
what the property and subjects would bring at cost sale, when sold in such 
manner as such property and subjects are usually sold." It would be remark- 
able if, in view of this direction of the statute, which was called to the at- 
tention of the assessing officers, they had adopted any such rule as that con- 
tended for by complainants. There is evidence tending to show that, in the 
opinion of witnesses, there is some inequality in the assessments, but the 
evidence, taken as a whole, is not such as to authorize or enable the Com- 
mission to change the assessment made or approved by the board of equaliza- 
tion. 

2. There is no evidence to show that the property of complainants was as.- 
sessed at more than its true value in money. 

It is therefore ordered that this proceeding be dismissed. 

Franklin McNeill, 
February 7, 1908. Chairman. 

SOUTHERN RAILWAY COMPANY v. CASWELL COUNTY. 

Beddingfield, Commissioner. 

This case arose upon complaint to the State Tax Commission by the South- 
ern Railway Company, alleging that certain of its property in Caswell County 
had been improperly assessed by the board of county commissioners, and 
asking investigation and correction thereof. 

Copy of complaint was served upon the defendant, and answer was filed 
by Capt. A. E. Henderson, attorney for the board. November 8, 1907,- was 
the day fixed for hearing, and, for the convenience of the parties interested, 
Commissioner Beddingfield went to Pelham on that date to hear the case. 
There were present some of the Board of County Commissioners of Caswell 
County, accompanied by their counsel, Capt. A. E. Henderson, and the 
township assessor who assessed the property for taxation. Mr. A. B. Andrews, 
Jr., represented the Southern Railway Company. It was agreed between 
counsel that a later date should be set for arguing the case, and January 



b 1^. C. COEPOEATION COMMISSION. 

23, 1908, ^yas fixed and both parties notified. A. B. Aiidre\YS, Jr., appeared 
and argued the case for the Soiitliern Railway Company. No one was here to 
represent the defendant. 

From information obtained, and admissions made at the hearing and docu- 
ments filed with the Commission, they find the following facts : 

The Southern Railway owns at or near Pelham, in Caswell County, on the 
west side of the railroad, one-quarter of an acre of land, on which stands 
a water tank, a right of way for pipe line 4,905 feet long and 10 feet wide, 
including water pipe, and 4.4 acres of land, on which is situated a reservoir 
equipped with engine, etc., for pumping water to said tank. On the east side 
of the railway it owns a section house and several acres of land and a coaling 
station containing between one and two acres of land. All of this property 
is situated more than 100 feet from the center of the track of the Southern 
Railway, except a part -of the coaling station. 

At sometime prior to the hearing at Pelham a fire had occurred at the 
coaling station and the elevator and trestles were destroyed. This part of 
the coaling station and the coal burned were situated within 100 feet from 
the center of the Southern Railway's main-line track. 

The principal question involved in this case is what constitutes the right of 
way of a railroad, within the meaning of the statute. It is contended by the 
Southern Railway "that a right of way means what is used and occupied 
by the railroad in its daily business, whether it be within or without the 
strip in which the statute presumes a grant." In support of this contention 
is cited City of Hickory v. Southern Railway, 137 N. C. 189, at p. 200. Also, 
Richmond and Danville Railroad Company v. Commissioners of Alamance 
County, 7G N. C, 212-214. 

The defendants deny this contention, and claim that the right of way can- 
not exceed the width granted in its charter, and may be less, according to the 
amount the railroad company elects to condemn. They assume that in this 
case the right of way is only 50 feet on either side of the center of the track, 
and in support of this allege that some of the deeds to the railroad in this 
county cover only this amount. 

Both sides agree that property situated within the right of way should be 
assessed by the Corporation Commission and distributed over the whole line 
of the railway according to mileage. 

Section 53 of the Machinerj^ Act of 1907 provides that railroad officers shall 
return to the Corporation Commission for assessment and taxation the mileage 
of the railroad, including "the roadbed, right of way and superstructures 
thereon, main and side tracks, depot buildings and depot grounds, section and 
tool houses, rolling stock and personal property necessary for the construction, 
repairs or successful operation of such railroad lines ; * * * Provided, 
however, that all machine and repair shops, general office buildings, store- 
houses and also real and personal property outside of said right of icay and 
depot grounds, as aforesaid, of find l)elonging to any such railroad companies 
shall be listed for ])urposes of taxation by the principal officers or agents of 
such companies with the list takers of the county where the real and per- 
sonal property may be situated, in the manner provided by law for the listing 
and valuation of real and personal property." 

The Commission is of the opinion that the words "right of way," used in 
section 53, chapter 258, Laws of 1907, mean that strip of land which a rail- 



DECISIOlNrS AI^D COMPLAINTS. i 

road under its charter from the State is permitted to eoiidemii for a right 
of way over ^Yhich it may operate its trains, and that the width of sucli right 
of way is determined by the words of tlie charter itself. 

The Soutliern Railway operates this road under the charter of the Piedmont 
Railroad Company, which charter, in section 22, p. 41, Ordinance No. 8 of the 
Convention of 1SG2, says : "That the right of said company to condemn lands 
* * * shall extend to the condemning 100 feet on each side of the track 
of the road, measuring from the center of the same." 

The Commission is further of the opinion that so much of the Southern 
Railway's property in question as lies outside the right of way, as above de- 
fined, and the depot grounds, should be assessed for taxation by the assessing 
ofiicers of Caswell County, in accordance with the proviso in section 53, chapter 
258, Laws of 1907, above quoted; and that so much of said property as lies 
within the right of way of 100 feet on each side is improperly assessed ; and 
this cause is continued, without tinal order now, to the end that the com- 
missioners of Caswell County may correct their assessment by including 
therein only such property as lies outside said right of way of 100 feet on each 
side of the center of the main-line track and outside the depot grounds. 

February 8, 1908. • 



IN RE PETITION OF ABERDEEN AND ASHBORO RAILWAY 

COMPANY. 

It appearing to the Corporation Commission, upon petition of the Aberdeen 
and Ashboro Railway Company, that said company has a mileage of less than 
125 miles, and that about 95 per cent, of all of its freights are joint hauls ; 
and it further appearing that the Commissioners' Standard Freight Tariff is 
being applied on this road on all local hauls, and that the reduction of 15 and 
25 per cent, from its joint freights would allow a very small profit on a fair 
valuation of the property, and that it is just to exempt the said railroad 
company from the discount of 15 per cent, on joint hauls imposed by chapter 
217, Public Laws of 1907 : 

It is ordered, under and by virtue of amendment to the said act of 1907, 
adopted at the extra session of the General Assembly in January, 1908, that 
the said Aberdeen and Ashboro Railway Company be and it is hereby ex- 
empted from the discount on joint hauls of freight over said line of railroad, 
except on joint rate on fertilizer a discount of 20 per cent, shall be made, and 
on cotton, cotton seed and hulls a discount of 10 per cent, shall be made. 

Franklin McNeill, 

February 8, 1908. Chairman. 

IN RE PETITION OF CALDWELL AND NORTHERN RAILROAD 

COMPANY 

It appearing to the Corporation Connnission, upon petition of the Caldwell 
and Northern Railroad Company, that said company has a mileage of less 
than 125 miles, and that a greater part of all of its freights are joint hauls ; 
and it further appearing, upon investigation, that a reduction of 15 and 25 
per cent, from its joint freights would be burdensome, and that it is just to 
exempt the said railroad company from the discount on joint hauls imposed 
by chapter 217, Public Laws of 1907 : 



» N. C. COKPORATIOK COMMISSIOIsT. 

It is ordered, under and hj virtue of amendment to tlae said act of 1907, 
adopted at the extra session of the General Assembly in January, 1908, that 
the said Caldwell and Northern Railroad Company be and it is hereby ex- 
empted from the discount on joint hauls of freight over said line of railroad, 
except on joint rate on fertilizer a discount of 20 per cent, shall be made, and 
on cotton, cotton seed and hulls a discount of 10 per cent, shall be made. 

Franklin McNeill. 

February 10, 1908. Chairman, 

IN RE PETITION OF CAROLINA AND NORTHWESTERN 
RAILWAY COMPANY. 

It appearing to the Corporation Commission, upon petition of the Carolina 
and Northwestern Railway Company, that said company has a mileage of less 
than 125 miles, and that a large part of all of its freights are joint hauls ; and 
it further appearing, upon investigation that a reduction of 25 per cent, from 
its joint freights would be burdensome, and that it is just to exempt the said 
railway company from the discount on joint hauls imposed by chapter 217, 
Public Laws of 1907 : 

It is ordered, under and by virtue of amendment to the said act of 1907. 
adopted at the extra session of the General Assembly in January, 1908, that 
the said Carolina and Northwestern Railway Company be and it is hereby 
exempted from the discount on joint hauls of freight over said line of railroad, 
except on joint rate on fertilizer a discount of 20 per cent, shall be made, and 
on all other classes and commodities a discount of 10 per cent, shall be made. 

Franklin McNeill. 

March .3, 1908. Chairman. 

IN RE PETITION OF DOVER AND SOUTHBOUND RAILROAD. 

It appearing to the Corporation Commission, upon petition of the Dover 
and Southbound Railroad, that said company has a mileage of less than 125 
miles, and that about 99 per cent, of all of its freights are joint hauls ; and 
it further appearing from the petition filed that the said company has earnings 
for the year ending December, 1907, of only $19,092 and operating expenses of 
$17,000, and the reduction of 15 and 25 per cent, from its joint freights would 
allow a very small profit on an assessed valuation of the property of $48,800, 
and that it is just to exempt the said railroad company from the discount of 
15 per cent, on joint hauls imposed by chapter 217, Public Laws of 1907 : 

It is ordered, under and by virtue of amendment to the said act of 1907, 
adopted at the extra session of the General Assembly in January, 1908, that 
the said Dover and Southbound Railroad be and it is hereby exempted from 
the discount on joint hauls of freight over said line of railroad, except on 
joint rate on fertilizer a discount of 20 per cent, shall be made, and on cot- 
ton, cotton seed and hulls a discount of 10 per cent, shall be made. 

Franklin McNeill, 

February 6, 1908. Chairman. 



DECISIO^^S AND COMPLAINTS. V) 

IN RE PETITION OF DURHAM AND SOUTH CAROLINA 
RAILROAD COMPANY. 

It appearing to the €orporatioii Commission, upon petition of the Durham 
and South Carolina Railroad Company, that said company has a mileage of 
less than 125 miles, and that ahout 30 per cent, of all of its freights are joint 
hauls ; and it further appearing, upon investigation, that a reduction of 15 and 
25 per cent, from its joint freights would be burdensome, and that it is just 
to exempt the said railroad company from the discount on joint hauls imposed 
by chapter 217, Public Laws of 1907 : 

It is ordered, under and by virtue of amendment to the said act of 1907, 
adopted at the extra session of the General Assembly in January, 1908, that 
the said Durham and South Carolina Railroad Company be and it is hereby 
exempted from the discount on joint hauls of freight over said line of rail- 
road, except on joint rate on fertilizer a discount of 20 per cent, shall be made, 
and on cotton, cotton seed and hulls a discount of 10 per cent, shall be made. 

Franklin McNeill, 

March 2, 1908. Chairman. 

IN RE PETITION OF DURHAM AND CHARLOTTE RAILROAD 

COMPANY. 

It appearing to the Corporation Commission, upon petition of the Durham 
and Charlotte Railroad Company, that said company has a mileage of less 
than 125 miles, and that a greater part of all of its freights are joint hauls : 
and it further appearing, upon investigation, that a reduction of 15 and 25 
per cent, from its joint freights would be burdensome, and that it is just to 
exempt the said railway company from the discount on joint hauls imposed 
by chapter 217, Public Laws of 1907 : 

It is ordered, under and by virtue of amendment to the said act of 1907, 
adopted at the extra session of the General Assembly in January, 1908, that 
the said Durham and Charlotte Railroad Company be and it is hereby ex- 
empted from the discount on joint hauls of freight over said line of railroad, 
except on joint rate on fertilizer a discount of 20 per cent, shall be made, and 
on cotton, cotton seed and hulls a discount of 10 per cent, shall be made. 

Franklin McNeill, 

February 10, 1908. Chairman. 

IN RE PETITION OF EAST CAROLINA RAILWAY. 

It appearing to the Corporation Commission, upon petition of the East Caro- 
lina Railway, that said company has a mileage of less than 125 miles, and that 
a great part of all of its freights are joint hauls ; and it further appearing, upon 
investigation, that a reduction of 15 and 25 per cent, from its joint freights 
would be burdensome, and that it is just to exempt the said railway company 
from the discount on joint hauls imposed by chapter 217, Public Laws of 1907 : 

It is ordered, under and by virtue of amendment to the said act of 1907, 
adopted at the extra session of the General Assembly in January, 1908, that 
the said East Carolina Railway be and it is hereby exempted from the dis- 
count on joint hauls of freight over said line of railroad, except on joint rate 
on fertilizer a discount of 20 per cent, shall be made, and on cotton, cotton 
seed and hulls a discount of 10 per cent, shall be made. 

Franklin McNeill, 

February 24, 1908. Chairman. 



10 T^r. C. CORPOEATIOT^I' COMMISSION. 

IN RE PETITION OF KINSTON AND SNOW HILL RAILROAD. 

It appearing to tbe Corporation Commission, upon petition of the Kinston 
and Snow Hill Railroad, that said company has a mileage of less than 125 
miles, and that a greater part of all of its freights are joint hauls ; and it 
further appearing, upon investigation, that a reduction of 15 and 25 per cent, 
from its joint freights would be burdensome, and that it is just to exempt the 
said railroad company from the discount on joint hauls imposed by chapter 
217, Public Laws of 11)07 : 

It is ordered, under and by virtue of amendment to the said act of 1907, 
adopted at the extra session of the General Assembly in January, 1908, that 
the said Kinston and Carolina Railroad be and it is hereby exempted from 
the discount on joint hauls of freight over said line of railroad, except on 
joint rate on fertilizer a discount of 20 per cent, shall be made, and on cotton, 
cotton seed and hulls a discount of 10 per cent, shall be made. 

Franklin McNeill, 

March 2, 1908. Gliairman. 

IN RE PETITION OF RANDOLPH AND CUMBERLAND RAILWAY 

COMPANY. 

It appearing to the Corporation Commission, upon petition of the Randolph 
and Cumberland Railway Company, that said company has a mileage of less 
than 125 miles, and that a greater part of all of its freights are joint hauls ; 
and it further appearing, upon investigation, that a reduction of 15 and 25 
per cent, from its joint freights would be burdensome, and that it is just to 
exempt the said railway company from the discount on joint hauls imposed 
by chapter 217. Public Laws of 1907 : 

It is ordered, under and by virtue of amendment to the said act of 1907, 
adopted at the extra session of the General Assembly in January, 1908, that 
the said Randolph and Cumberland Railway Company be and it is hereby 
exempted from the discount on joint hauls of freight over said line of railroad, 
except on joint rate on fertilizer a discount of 20 per cent, shall be made, and 
on cotton, cotton seed and hulls a discount of 10 per cent, shall be made. 

Franklin McNeill. 

February 10, 1908. Chainuan. 

IN RE PETITION OF RALEIGH AND SOUTHPORT RAILROAD 

COMPANY. 

It appearing to the Corporation Commission, upon petition of the Raleigh 
and Southport Railroad Company, that said company has a mileage of less 
than 125 miles, and that about 90 per cent, of all of its freights are joint 
hauls ; and it further appearing from copies of reports, showing the operations 
of said road, filed with the petition, that the said railroad 'company has a 
deficit of $2,155.32 after paying fixed charges for the month of December. 1907, 
and a surplus of only $229.41 after paying fixed charges for the month of 
November, 1907, and a surplus of $540.92 after paying fixed charges for the 
year ending December 31, 1907; and that it is just to exempt the said railroad 
company from the discount of 15 per cent, on joint hauls imjiosed by chapter 
217, Public Laws of 1907 : 



DECISION'S AND COMPLAINTS. 11 

It is ordered, under and by virtue of amendment to tlie said act of 1907, 
adopted at the extra session of the General Assembly of North Carolina in 
January, 1908, that the said Raleigh and Southport Railroad Company be and 
it is hereby exempt from the discount on joint hauls of freight over said line of 
railroad, except on joint rate on fertilizer a discount of 20 per cent, shall be 
made, and on cotton, cotton seed and hulls a discount of 10 per cent, shall be 
made. Frankln McNeill, 

Chairman. 

IN RE PETITION OF VIRGINIA AND CAROLINA SOUTHERN RAILWAY. 

It ai^pearing to the Corporation Commission, upon petition of the Virginia 
and Carolina Southern Railway, that said company has a mileage of less thaii 
125 miles, and that a greater part of all of its freights are joint hauls ; and 
it further appearing, upon investigation, that a reduction of 15 and 25 per 
cent, from its joint freights would be burdensome, and that it is just to ex- 
empt the said railway company from the discount on joint hauls imposed by 
chapter 217, Public Laws of 1907 : 

It is ordered, under and by virtue of amendment to the said act of 1907, 
adopted at the extra session of the General Assembly in January, 1908, that 
the said Virginia and Carolina Southern Railway be and it is hereby exempted 
from the discount on joint hauls of freight over said line of railway, except on 
joint rate on fertilizer a discount of 20 per cent, shall be made, and on cotton, 
cotton seed and hulls a discount of 10 per cent, shall be made. 

Franklin McNeill, 

February 11, 1908. Chairman, 

IN THE MATTER OF DISCONTINI^ANCE OF PASSENGER TRAIN SERV- 
ICE BETWEEN GOLDSBORO AND GREENSBORO, AND SALISBURY 
AND ASHEVILLE. 

Complaint was made to the Commission of the discontinuance of passenger 
train service by the Southern Railway Company between Goldsboro and 
Greensboro, and Salisbury and Asheville. 

Complaint was served on the defendant company, and, petition being filed 
by said company, proposing a new schedule of trains, a conference of the offi- 
cials resulted in the establishment of through passenger train service between 
Goldsboro and Asheville, and Asheville and Goldsboro, by which the train 
leaving Goldsboro at 6 :45 A. M. would reach Asheville at 8 :15 P. ]M., and 
leaving Asheville at 8 :00 A. M. would arrive at Goldsboro 8 :00 P. M. 



SOUTHERN RAILWAY COMPANY v. WHITE FURNITURE COMPANY- 
CLAIM FOR DEMI^RRAGE. 

Rogers, Commissioner. 

The claim of the plaintiff in this case is for the payment of $13 demurrage, 
alleged to have accrued on three cars loaded with lumber at points within 
the State and shipped to defendant at Mebane, N. C. 

The facts in respect to the claim submitted to the Commission are con- 
tained in statements before the Commission by I. L. Ferree, agent of the 
plaintiff at Mebane, and W. E. White, president of defendant company. 



12 ]Sr. C. CORPORATION COMMISSIOIS". 

The statement of Ferree, agent, is that three cars, loaded at points within 
the State with lumber, shipped to the White Furniture Company, were placed 
on their private siding — two on May 27, 1907, and one placed May 28, 1907. 
Two of said cars were placed at definite point for unloading on the even- 
ing of May 29, and on the evening of May 30, 1907. The reason the cars 
referred to were not placed at the point for unloading on the 27th and 28th, 
respectively, is the siding was full, and that about these dates there was 
trouble with freight conductors in respect to shifting promptly at Mebane. 

Mr. White's statement is that, while his company's siding was full of cars 
on the 27th and 28th, he released five cars on the 28th, and that he had other 
cars on the siding at that time loaded for shipping out, of which he had given 
notice by "switch list" to the station agent ; that May 30th, 31st and June 1st 
were too rainj- to remove contents of cars remaining on the siding for un- 
loading. 

The Commission's rules provide : 

"Rule III. All car-load freight taking track delivery, and such as is to be 
unloaded by consignee, which is not unloaded from cars containing same 
within forty-eight hours (not including Sundays and legal holidays) after the 
car or cars are placed accessible for unloading, may be subject to a charge 
of $1 per car for each day or fraction of a day that said car or cars remain 
loaded. 

"Rule XI. Whenever the weather during the joeriod of free time is so 
severe, inclement or rainy that it is impracticable to secure means of removal 
or loading of freight, or where from the nature of the goods removal or load- 
ing would cause injury or damage, such time shall be added to the free 
period, and no demurrage charges shall be allowed for such additional time. 
This rule applies to the state of the weather during business hours." 

In determining in this case whether or not the defendant is liable for de- 
murrage, much depends on when free time allowed by the rule for unloading 
begins. If the two cars referred to as placed on the siding May 27th had 
been placed accessible for unloading or were prevented at that time from 
being so placed by defendant's improvidence, neglect or lack of diligence, the 
free time, under the rule, would have expired on the 29th and no conditions 
of weather would be suggested ; the free time for the one car placed the 28th 
would expire on the 30th, a rainy day. 

Since the responsibility for the delay on the 27th is not fixed clearly on the 
defendant, the burden of which the Commission thinks is upon the plaintiff, 
the free time it is fair to construe should be counted from the time the cars 
were placed at an accessible point for unloading — two the 29th and one 
the 30th. 

The statements of fact submitted to the Commission show that May 30th 
and 31st and June 1st were rainy days, and that June 2d was Sunday. Under 
the Commission's rule, these days should be added to the free time. The cars 
on which demurrage is claimed were all released June 3d; therefore, before 
the expiration of free time. 

It is the opinion of the Commission that the plaintiff is not entitled to the 
demurrage claimed. Franklin McNeill, 

March 11, 1908. Chairman. 



DECISIONS AND COMPLAINTS. 13 

WHITE FURNITURE COMPANY v. SOUTHERN RAILWAY COMPANY- 
CLAIM FOR REFUND OF DEMURRAGE. 

RoGEKS, Commissioner. 

Plaintiff in this case seelis to recover of tlie defendant $39 paid to it, under 
protest by plaintiff, upon its claim for alleged demurrage, accruing under 
the following conditions, namely : Six cars of freight shipped to the plaintiff 
at Mebane were tendered — three on November 14, and three on November 
15, 1907 — and the paj^ment of the freight due, aggregating a few hundred 
dollars, demanded in cash. The demand for the payment of the freight in 
cash was by the defendant's agent at Mebane, and in accordance with circular 
letter of instructions from the defendant company's treasurer requiring re- 
mittances in cash or checks on depositories of the company or checks on banks 
in the same town as such depositories. (Copy of circular on file with other 
data in this case.) 

At the time referred to there was a panic and there existed an extreme 
stringency of currency. The plaintiff offered his check in payment of freight 
on local banks, and also on the National Bank of Richmond, in which town, 
it claims, is a depository of the defendant, and it is not denied, and the checks 
were refused until the alleged demurrage accrued ; then the checks on Rich- 
mond were accepted and the freight delivered November 21st. It had been 
the custom of the plaintiff for a long time to pay its freight by checks in this 
manner, and it had no notice of any change of the rule allowing it, and was 
refused at this time for no other reason than the stringency of money and 
the panicky condition arising. There is no issue as to the amount involved. 
The plaintiff" and defendant ask of the Commission a construction of the 
demurrage rules, under peculiar conditions, as in this case. 

The purpose of the demurrage rules is to require diligence of the ship- 
per and the carrier in the handling of freight necessary to assure its prompt 
movement and delivery. If the rules are faithfully observed, mutual good 
results. On the one hand the shipper suffers no delay and damage incident 
thereto in the dispatch of his shipment or in the prompt delivery of his 
freight, and on the other hand the carrier is saved the cost in operation that 
might accrue to delayed equipment and congested traffic. Demurrage charges 
are in the nature of a penalty for neglect to observe the rules or for a viola- 
tion of them. In the enforcement of the rules provided by the Commission 
it reserves the right to hear and grant applications to suspend the operation 
of them upon complaint of abuse or whenever justice shall demand such a 
course. 

The statement of facts in this case show^s no blame on either party for 
delay in handling the freight. The freight was properly tendered by the car- 
rier, and the demand for payment for freight in cash was within its right, 
but the plaintiff's accustomed manner of settling its freights was stopped 
without notice, and its inability to provide means of settling arose out of 
extreme conditions over which none had control. It appears to have been 
diligent in its efforts to meet exigencies arising, and in fact there was a 
delay to the delivery of the freight of only six or seven days. 



14 N. C. CORPORATION COMMISSION. 

The Commission is of opinion that the delay to the delivery of the freight 
caused by the plaintiff under the conditions was not unreasonable, and that 
justice does not demand the enforcement of the demurrage rules. Therefore 
the plaintiff is entitled to a refund of whatever amount it has paid in this 
case on that account. ■ Franklin McNeill. 

April 1, 1908. Chairman. 

IN RE PETITION OF THE DURHAM AND SOUTHERN RAILWAY COM- 
PANY, THE RED SPRINGS AND BOWMORE RAILROAD COMPANY, 
THE ATLANTIC AND WESTERN RAILROAD COMPANY, THE WAR- 
RENTON RAILROAD COMPANY, THE NORTHAMPTON AND HERT- 
FORD RAILROAD COMPANY AND THE CAROLINA VALLEY RAIL- 
WAY COMPANY. 

It appearing to the Corporation Commission, upon petition of the Durham 
and Southern Railway Company, the Red Springs and Bowmore Railroad 
Company, the Atlantic and Western Railroad Company, the Warrenton Rail- 
road Company, the Northampton and Hertford Railroad Company and the 
Carolina Valley Railway Company, that each of said railroads have a mile- 
age of less than 125 miles, and that a greater part of their freights are joint 
hauls ; and it further appearing, upon investigation, that a reduction of 15 
and 25 per cent, from their joint freights would be burdensome, and that it 
is just to exempt said railroad companies from the discount on joint hauls 
imposed by chapter 217, Public Laws of 1907: 

It is ordered, under and by virtue of amendment to the said act of 1907, 
adopted at the extra session of the General Assembly in January, 1908, that 
the said Durham and Southern Railway Company, the Red Springs and Bow- 
more Railroad Company, the Atlantic and Western Railroad Company, the 
Warrenton Railroad Company, the Northampton and Hertford Railroad Com- 
pany and the Carolina Valley Railway Company be and they are hereby ex- 
empted from the discount on joint hauls of freight over the said lines of 
railroad, except on joint rate on fertilizer a discount of 20 per cent, shall be 
made, and on cotton, cotton seed and hulls a discount of 10 per cent, shall be 
made. However, exception shall apply to the Red Springs and Bowmore 
Railroad Company to the extent that it may be allowed to make a charge of 
121/2 cents per ton for transferring fertilizer on joint shipments on account 
of this latter road being narrow gauge. Franklin McNeill, 

April 1, 1908. Chair man. 



IN RE PETITION OF DR. JAINIES HICKERSON AND OTHERS, BEFORE 
THE STATE TAX COMMISSION, FOR REDUCTION OF THEIR RE- 
SPECTIVE ASSESSMENTS FOR TAXATION IN WILKES COUNTY. 

For the convenience of the parties, evidence was taken in the courthouse at 
Wilkesboro on February 18, 1908. after due notice to the petitioners and board 
of county commissioners. 

Petitioners were represented by Messrs. Finley & Hendren, C. G. Gilbreath, 
Esq., and John A. Hollbrooks, Esq., and the board of county commissioners 
was represented by W. W. Barber, Esq. 

The evidence was taken and typewritten copy thereof was made and is 
filed as part of the record of this case. 



DECISIOA^S AND COMPLAINTS. 15 

The evidence as to the assessment of the property of T. B. Finley \Yas, by 
the permission of the Commission, filed since the hearing, and is also a part 
of the record of this case. 

The petitioners alleged that their lands are assessed at amounts named, 
which amounts are greatly in excess of the assessment placed on other prop- 
erty in the same township, when the true value of the other property is con- 
sidered, namely : 

(1) J. E. Finley, twenty-nine acres, assessed at .$400; ten town lots, as- 
sessed at ,1^0,200. The true value of the first-named tract, when compared with 
the assessment of other property and land of like value, would be $liiO. and 
of the other item $5,000. 

(2) The Bank of North Wilkesboro is assessed at .$2,500. when a true 
assessment, compared with assessment of other property of like value, would 
be .$2,000. 

(3) W. P. Ilorton's twelve town lots are assessed at $0,500. when the true 
assessment should have been $8,000. 

(4) Dr. James Hickerson's farm is assessed at $10,000 and should have been 
$6,000. 

(5) The Damask Manufacturing Company is assessed at $8,500, when it 
should have been assessed at $4,000. 

(6) Payne & Deemer's lands. 17,000 acres, are assessed at .$4 an acre, which 
is 100 per cent, more than contiguous lands. . 

(7) C. C. Smoote & Sons Company's lands, consisting of about 2.000 acres, 
are assessed at $4 per acre, which is at least 100 per cent, more than con- 
tiguous lands of equal and greater value per acre are assessed. 

(8) That all timber lands in large bodies are assessed at at least 100 
per cent, more per acre than other lands of equal or greater value per acre, 
and at much more than timber lands are assessed in other adjacent counties, 
worth as much per acre as those lying in Wilkes County, thus imposing an 
unfair and exorbitant rate of taxation on the owners of such lands in Wilkes 
County. 

(0) That many other taxpayers in the county complain of excessive 
assessments placed on their property by the assessors of their town- 
ships and allowed to remain by the county board of equalization ; that there 
is gross inequality in assessments as finally fixed in the assessment of prop- 
erty in said county, besides the cases above specifically mentioned, and that 
these parties desire to be heard by the State Tax Commission. 

The substance of the evidence as to the different assessments complained 
of is as follows : 

(1) The land of Dr. James Hickerson : The taxpayer himself and three 
other witnesses testified as to this assessment, and in substance stated that 
the property was assessed by the township assessors at $6,500. and that this 
assessment was raised by the county board of equalization to $10,000. The 
taxpayer testified that $10,000 was an unfair valuation upon the property ; 
that, compared with the assessment of other farms in the neighborhood, $6,500 
would be a fair assessment; that some other tracts of land in his neighbor- 
hood were assessed equally as high as his land. One of the w^itnesses testi- 
fied that, in his opinion. Dr. Hickerson's land was assessed 20 or 25 per cent, 
higher than the average assessment of farms in his — that is. Edwards Town- 
ship and adjoining townships; that in making the assessment witness did not 



16 X. C. CORPORATION COMMISSIOIS^ 

think the township assessors had any scale — they went by what had been done 
before. The township board of assessors and list takers assessed this prop- 
erty at $6,500, and they were putting it in proportion to other property, con- 
sidering that it had been damaged by the freshet. The property is worth 
$10,000 or more. One other witness testified that the $10,000 assessment was 
$1,500 or $2,000 higher than the assessment of other property. One other 
witness testified that, in his opinion. Dr. Hickerson's farm was assessed from 
15 to 20 per cent, higher than other farms in his neighborhood ; that the 
fair cash value of the farm was from $11,000 to $12,000. 

(2) The substance of the evidence in regard to the assessment of the prop- 
erty of J. E. Burch was as follows : 

W. A. Gwyn testified that he knew J. E. Burch's farm, in New Castle Town- 
ship, which is known as the "old Hampton place," and is now divided between 
Weir and Burch. Compared to the assessment of other farms in that neighbor- 
hood, he thought $7,000 would be about right for it. He would say that 
$10,000 would be a good price for this farm, but doubted if it would bring it. 

(3) The substance of the evidence in regard to the assessment of the Hotel 
Gordon property is as follows : 

Bob Finley testified that he was interested in the Hotel Gordon property; 
that it was assessed at $4,900. The township assessors told him it was as- 
sessed at $4,500. The board of equalization raised this and put it at $4,900. 
At the assessment in 1903 it was valued at $4,000, and he had sold off valuable 
lots since that time. He was offered lately $3,500 for this property. He 
thought if anybody wanted it for $4,900 they could get it. He received $800 
cash for the lots sold off. He did not get as much as $40 a month rent last 
year; the rent was $320 and the repairs amounted to $500 or $600. He 
paid out for it $300 more than he took in. He is willing to sell his interest 
at the rate of $5,000. He thinks the parties would have sold this property 
for $5,800 on the first day of June, 1907. 

J. C. Henry testified that he knows the Hotel Gordon property ; it is assessed 
at $4,900. He also knows the L. A. Jarvis store, which is nearby it and 
is assessed at $1,500. The Jarvis building is worth very near as much as the 
hotel property; he thinks, in proportion, the hotel property is overassessed 
from $2,000 to $2,500, as compared with the assessment of other property 
around there; he does not think the valuation ought to be over $2,500. If 
the Hinshaw ten acres were assessed at $5,000 and Hotel Gordon at $4,900, 
he thought Hotel Gordon would be something like 33% per cent, higher. 

E. F. Stafford testified that he knows something about the Hotel Gordon 
property, and he thinks $3,500 or $4,000 would be a good valuation; he does 
not believe the property is worth much more than $4,000 or $4,500. This 
property is worth $800 or $1,000 less than it was before the lots were sold 
off. He thought the Hotel Gordon property at $4,900 is considerably higher 
than the Hinshaw ten acres at $5,000. 

(4) The substance of the evidence in regard to the assessment of Dr. W. P. 
Horton's property is as follows : 

Dr. W. P. Plorton testified that his property is assessed at $10,500 ; he thinks 
it is overassessed at least $1,500, in comparison with other property around 
it. He does not think the lot on which his dwelling is situated is worth over 
$4,000, if that. The Deposit and Savings Bank property is on the same 
street — two full stores and three-story front and nine lots — and this property 



i^orih Carolina State Library 
Raietgh 

DECISIONS AND COMPLAINTS. 17 



is assessed at $4,625. According to tlie s\yorii statement of the bank, real 
estate, furniture and fixtures, in May, 1907, are estimated a fraction over $14,- 
000. He thinks his property is considerably overassessed in comparison with 
other property. If the Deposit and Savings Bank property is valued at 
$14,000, then he thinks his would be something like 30 per cent, higher. 

A. M. Church testified that he knew Dr. Ilorton's property; it is assessed 
higher than the Jarvis building; it is assessed about $1,300 higher than the 
Hart building. Dr. Horton's property ought to be w^orth $0,000, and he as- 
sessed his dwelling once at $2,500, taking off 25 per cent, of its true value. He 
thinks Dr. Horton's property in North Wilkesboro might be worth anywhere 
from $12,000 to $13,000. 

(5) The substance of the evidence in regard to the assessment of the 
property of J. A. Finley is as follows : 

J. A. Finley testified that his twenty-nine acres of land were assessed at 
$400. Compared with other lands of like character and in the same neighbor- 
hood, his was a good deal higher. The Hicks land, assessed at $1,000, joins 
his, and some of it is better quality of land than his; it is assessed at not 
quite $5 per acre, while his lands are assessed at $13 per acre. His twenty- 
nine acres were formerly assessed at $5 an acre. His ten town lots are as- 
sessed at $0,200; these are overassessed, and all are vacant except the one he 
lives on. The Jarvis lot is assessed at $2,300 or $2,350, and he thinks it is as 
valuable as his. Jarvis" residence may not be as good as his, but his barn and 
outhouses are better. The J. G. Hackett lot is assesse'd at $2,000, and it is 
one of the best residences in town ; it is worth as much as his. Compared with 
all the others, he thinks his part is assessed at $1,000 too much. He thinks 
$2,500 is a plenty, the way other lands are assessed. 

(6) The substance of the evidence in regard to the assessment of the Bank 
of North Wilkesboro is as follows : 

J. A. Finley testified that he is president of this bank. The real estate is 
assessed at $2,500; the assessment is higher than other property in com- 
parison. The L. A. Jarvis property is equally as valuable as his, and it is 
assessed at $1,500. Hart & Co.'s two lots are assessed at $1,000 each. His 
lot is assessed $800 or $1,000 too much, as compared with the Jarvis property. 
He thinks the Perry building is assessed at $1,500 ; this is low^er than the 
assessment of the bank by $1,000. The Call property is assessed at $1,900; 
he has a pin factory; this is $1,200 or $1,500 lower than his in comparison. 
The twenty-nine acres are worth $500. 

(7) The substance of the evidence in regard to the assessment of the North 
Wilkesboro Telephone Company is as follows : 

H. W. Horton testified that he is the owner of this property; that it cost 
him $3.000 ; it is assessed at $5,000. By a rough estimate, he thought the net 
income for last year was $400 or $500. His gross receipts were about $2,000 
and expenses about $150 per month, not counting for depreciation. The actual 
value of material used and the cost of constructing it, and all property con- 
nected with it, is not worth more than $3,000, counting it at first cost, and 
the property is constantly depreciating in value. The poles, wire and instru- 
ments are very short-lived ; the life of poles and wire is about five years, and 
his experience is that about every ten years the entire plant has to be re- 
built. 

Corp. 1 2 



18 Ts^. C, COEPOEATIOA" COMMISSION. 

(8) The substance of the evideuce in regard to the assessment of the land 
of C. C. Smoote & Sous Co. is as follows : 

C. H. Colvert testified that he lives in Union Township. Smoote & Sons Co. 
have timber land in this township — about 1,700 acres — assessed at $4 per acre. 
He thinlvs this is about on an equal basis with other property in the town- 
ship. A good many of the farm lands are assessed at $1.50 and $2 per acre, 
but the top surface is all gone. As a member of the board of equalization, he 
proposed to reduce the Smoote lands from $5 an acre to $4 an acre, and 
calculating as to the average of timber lands in the w^hole county. He did not 
think it right to put timber lands at $5 an acre ; that $2 per acre would 
be enough for Mr. Jones' land. He thought it w^as all assessed at 50 cents 
on the dollar in the county. If Mr. Smoote's is assessed at 50 cents on the 
dollar for bark rights, it is too high ; but if you assessed it on title in fee. 
it is not too high. The Smoote land is worth about $10 an acre for title in fee. 
J. N. Askette testified that he was pretty well acquainted with the Smoote 
land ; it is valuable for bark ; they bought it some years ago at $2 an acre. He 
does not think they bought it for less than $2. It will average about eighteen 
miles from the railroad. It is about the same kind of land as Payne & 
Deemer's. Mr. Smoote bought this about six years ago at $2 an acre ; he 
would not like to give over $3 an acre for it now. 

T. P. Yates testified that lands in that township are valued at about $1.50 
to $2.50 per acre. The Smoote lands ought not to be assessed at any more 
than the lands around there. It is valuable mostly for the bark; there is 
some good timber. It is worth $4 to $5 per acre. He has been all over it ; 
it contains about 2,000 acres and is assessed at $8,000. 

(9) T. B. Finley filed affidavit as to basis for reduction of assessment on 
his lands. He alleges that his land in North Wilkesboro Township, prior to 
June 1, 1907, was assessed in round numbers at $13,721 ; and in June, 1907, the 
assessors increased this assessment to $21,759; that only one purchase of 
$1,000 was added to his real estate since the assessment in June, 1906. He 
alleged further that he is advised and believes that his property is assessed 
at from 75 to 90 per cent, of its true value, and, therefore, in comparison with 
the 50 per cent, average assessment of real estate in the county, is overassessed 
at from 25 to 40 per cent., and with others from 50 to 75 per cent ; that he 
is reliably informed by officials of the following adjoining and nearby counties 
that the rule for the assessment of real estate in them is as follows : Alleghany. 
SSYs per cent, of its true value ; Ashe, 25 per cent, of its true value ; Caldwell, 
33% per cent, of its true value; Catawba, 40 per cent, of its true value. He 
petitions that at least $4,000 be taken off of his assessment. 

(10) The substance of the evidence in regard to the assessment of lands 
belonging to Payne & Deemer : 

O. F. Blevins testified that he is register of deeds and lias been for five 
years ; he knows the portion of Payne & Deemer's lands in Walnut Grove 
Township. The Payne & Deemer lauds are worth more than the woodlands 
he is acquainted with; it is not as an average worth more than surrounding 
lands for farming purposes. The part he traveled over is not worth as much 
for farming purposes. He does not think, taking it as a whole, that the land 
is assessed at over one-half of its cash value ; after comparing each township, 
he would say one-half. 



DECISIONS AND COMPLAINTS. 19 

J. O. Bl•e^Yer testified that he knows Payne «& Deemer's lands, in Trap Hill 
Township, and this assessment of these lands is considerably higher than the 
assessment of other lands in the township. Compared with several small 
tracts, he thinks the assessment of Payne & Deemer's lands is higher. 

J. S. Hollbrooks testified that he has acted as agent of the Payne & Deemer 
lands in this State. There are 17,000 acres in Wilkes County, 12,000 in Al- 
leghany and 7,000 in Surry. He listed all the lands in the three counties 
for taxation ; it is assessed at $1 an acre in Alleghany, and that land adjoins 
the land in Wilkes ; it has been assessed at that for four years. The land in 
Alleghany is better land than the land in Wilkes, as a whole. The land in 
Surry County is assessed at $1.50 an acre. He has never been over the last- 
named, but understands it is not as good as the land in Wilkes ; there is about 
25 per cent, difference. The land in Wilkes is assessed at $4 per acre by the 
board of equalization and at .$1.87 in Walnut Grove and Trap Hill townships. 
The assessment of these lands, compared with that of other lands adjoining, 
is twice as much — over double. W. C. Brooks' land is assessed at $125; he 
sold timber at $150. He thinks the assessment in Alleghany and Surry counties 
is fair, with the assessment of other property in those counties ; that the 
land in Wilkes would bring about $4 per acre. Payne & Deemer bought this 
land about five years ago and paid $4 an acre for it. 

T. C. Meyers testified that he lives in Walnut Grove Township, near the 
Payne & Deemer lands. He surveyed some of their land in Trap Hill. The 
assessment of these lands at $4 an acre seems to be a little higher, compared 
with other lands contiguous — something like 25 per cent. He was one of the 
board of township assessors, and he assessed this land at $1.87 an acre; it 
was assessed at $1.50 prior to that time, and they raised it 25 per cent. Their 
board considered that their assessment averaged with that of other lands in 
the township according to value. Payne & Deemer's lands are worth $4 per 
acre. 

Upon this evidence counsel for petitioners insisted that it is established that 
real estate in Wilkes County is, on a fair average, assessed at not more than 
one-half of its true cash value, and that this Commission should review and 
change the assessment made by the county board of equalization, as follows : 
The assessment of Dr. James Hickerson's land should be changed to $6,000 ; 
J. E. Burch's assessment should be changed to $5,000 ; Hotel Gordon's assess- 
ment should be changed to $2,500 ; Dr. W. P. Horton's assessment should be 
changed to $6,500; J. E. Finley's assessment (29 acres) should be changed to 
$300; J. E. Finley's assessment (lots) should be changed to $3,750; Bank of 
North Wilkesboro's assessment should be changed to $1,750 ; Payne & Deemer's 
lands assessment should be changed to $34,000; Smoote & Sons' lands assess- 
ment should be changed to $4,000 ; T. B. Finley's assessment should be changed 
to $17,759. 

The following are some of the provisions of the law in regard to the assess- 
ment of property : 

MacliUiery Act, 1907. 

Sec. 13. Real property shall be valued by the assessors, either from actual 
view or from the best information that the assessors can practically obtain, 
according to its true value in money. In determining the value the assessors 
shall consider as to each piece its advantage or disadvantage of location. 



20 Int. c. coeporatioi^ commissio^^. 

quality of soil, quantity of standing timber, \Yater privileges, mines, minerals, 
quarries or other valuable deposits known to be available therein, and their 
value. 

See. 141/2. The intent and purpose of the tax laws of this State is to have 
all property and subjects of taxation fairly assessed at their true value in 
money, in such manner as such property and subjects are usually sold, but 
not by forced sale thereof; and the words "market value" or "true value," 
whenever in the tax laws, shall be held and deemed to mean what the property 
and subjects would bring at cash sale, when sold in such manner as such 
property and subjects are usually sold. 

Sec. 17. The board of list takers and assessors shall make a complete re- 
turn of their assessments, embracing an abstract of the taxable property of 
their respective townships, to the board of county commissioners, on or before 
the second Monday in July, and annex the following affidavit, subscribed and 
sworn to before a justice of the peace, who shall certify the same : "We, the 

list takers and assessors of ...... Township, of County, make oath 

that the foregoing list contains, to the best of our knowledge and belief, all 
the real and personal property required by law to be assessed in said town- 
ship, and that we have assessed every tract or parcel of land or other real 
and personal property at its true value in money, and have endeavored to do 
equal justice to the public and to the taxpayers concerned." Before entering 
upon the discharge of the duties of their office, they shall also take and sub- 
scribe the following oath before the chairman of the board of county com- 
missioners for their respective counties or some officer qualified to administer 

oaths : "I, , list taker (or assessor) of Township, of 

County, do solemnly swear (or affirm) that I will discharge the duties de- 
volving upon me as list taker (or assessor), according to the laws in force 
governing said office : so help me, God." 

Sec. 18. The board of county commissioners and the chairman of the board 
of list takers and assessors of the several townships and wards of cities and 
towns shall constitute a board of equalization for the county, and shall meet 
on the second Monday in July. The chairman of the board of county com- 
missioners shall be chairman of the board of equalization, and shall lay before 
the board of equalization the returns of the list takers and the assessors. 
Said board shall equalize the valuation so that each tract or lot or article of 
personal property shall be entered on the tax list at its true value in money, 
and for this purpose they shall observe the following rules: (1) They shall 
raise the valuation of such tracts or lots of property or articles of personal 
property, including stocks, bonds and shares in all incorporated companies, 
except such as are specifically exempt by law, as in their opinion have been 
returned below their true value, to such price or sum as they may believe 
to be true value thereof. (2) They shall reduce the valuation of such tracts 
and lots or articles of personal property as in their opinion have been re- 
turned above their true value, as compared with the average valuation of real 
and personal property, including stocks, bonds and shares of all incorporated 
companies of such county. In regard to real property, they shall have due 
regard to the relative situation, quality of soil, improvements, natural and 
artificial advantages possessed by each tract or lot. 

The powers and duties of the State Tax Commission to correct the mistakes 
and errors of the county board of equalization are set out, in part, in section 



DECISIONS AND COMPLAINTS. 21 

6, subsections 1 and 3, which are as follows : "It shall be the duty of the board : 
(1) to have and exercise general supervision over the tax listers and assessing 
officers of this State, and to take such measures as will secure the enforcement 
of the provisions of this act, to the end that all the properties of this State 
liable to assessment for taxation shall be placed upon the assessment rolls 
and assessed at their true value in money; * * * (3) to receive com- 
plaints as to property liable to taxation that has not been assessed or has 
been fraudulently or improperly assessed, and to investigate the same, and 
to take such proceedings as will correct the irregularity complained of, if 
found to exist," 

Sec. 8. After the various tax lists required to be made under this act shall 
have been passed upon by the county board of equalization, the said several 
tax lists shall be subject to inspection by the said Board of State Tax Com- 
missioners or by any member thereof ; and in case it shall appear or be made 
to appear to said board that property subject to taxation has been omitted 
from said list, the said board may issue an order directing the assessor or 
lister whose assessment or failure to assess are complained against to appear 
with his tax list at a time and place to be stated in said order, and the place 
to be at the office of the board of county commissioners at the county seat or 
such other place in said county in which said roll was made, as said board 
shall deem most convenient for the hearing herein provided for. A notice of 
the time and place that said assessor or lister is ordered to appear with 
said list shall be published in a newspaper published at the county seat in 
said county, if there be one; if not, in some paper printed in said county, if 
there be any, at least five days before the time at which said assessor or 
lister is required to appear, and personal notice shall be given by mail to said 
persons whose property or whose assessments are to be considered at least 
five days prior to said hearing. A copy of said order shall be served upon the 
tax officer in whose possession said list shall be at least three days before 
he is required to appear with said list. The said board or any member thereof 
shall appear at the time and place mentioned in said order, and the assessing 
or listing officer upon whom said notice shall have been served shall appear 
also with said tax list. The said board or any member thereof, as the case 
may be, shall then and there hear and determine as to the proper assessments 
of all property and persons mentioned in said notice, and persons affected 
or liable to be affected by the review of said assessments thus provided for 
may appear and be heard at said hearing. In case said board or the member 
thereof who shall act in said review shall determine that the assessments so 
reviewed are not assessed according to law, he or they shall, in a column 
provided for that purpose, place opposite said property the true and lawful 
assessment of the same. As to the property not on the tax list, the said board, 
or members thereof acting in said review shall place the same upon the said 
tax list by proper description, and shall place thereafter in the proper column 
the true cash value of the same. In case of reView under this section, the 
said board or the member thereof acting in said review shall certify under 
his hand officially and spread upon said list a certificate of the day and date 
at which said tax list was reviewed by him, and the changes made by him 
therein. For appearing wath said list as required herein the tax officer shall 
receive the same pay per diem as is received by him in the preparation of the 
tax list, to be presented to and paid by the proper officers of the county or 



22 N. C. COEPOEATIOX COMMTSSIOAT. 

municipality of wliich he is tlie assessing officer in the manner as his other 
compensation is paid. The action of said board or member talvcn as provided 
in this act shall be final. 

It will be noted from the above sections of the Machinery Act that the 
board of equalization is composed of at least one freeholder from each town- 
ship who was a resident of the township and who participated in the assess- 
ment of all property in the township which he represented, and that they 
were required to equalize the assessments of all property in the county. 

In Wilkes County there are eighteen townships, so that the board of equaliza- 
tion consisted of eighteen freeholders and three county commissioners. In 
view of the plain requirements of the law above quoted, which were called 
to the attention of each assessing officer and member of the board of equaliza- 
tion, it would be very remarkable if a rule of assessing property on a basis 
of 50 per cent, of its value had been adopted. 

The petitioners insist that the existence of such a rule is established by the 
testimony of two witnesses, who testified that there was such a rule. The 
existence of such rule seems to be negatived by the fact that not one of 
all the assessments called to the attention of the Commission was according 
to such rule, in the opinion of witnesses examined. Counsel for petitioners 
call attention in their brief that the evidence disclosed variations in assess- 
ments from 98 per cent, to 32 per cent, of the true value of property. Not one 
of these assessments is on the basis of 50 per cent. It is a matter of common 
knowledge that there is great diversity of opinion as to values. This is il- 
lustrated in the evidence in this case. Three witnesses testified in regard to 
the value of Smoote & Sons Co.'s land; one testified that it was worth $3 
per acre ; another, $4 or $5 per acre ; while another testified that it was worth 
$10 per acre. We cannot adopt the conclusion, therefore, that there was a 
rule in Wilkes County of assessing property at 50 per cent, of its value. 

One township assessor testified that they did not go by any scale, but added 
25 per cent, to previous assessments. If the board of equalization had adopted 
and acted upon such a rule, it would have been our duty to have carried 
out the law by doubling the assessments. It would not be practicable for us 
to reassess all of the pro])erty in the county at what, in our opinion, would 
be fair, but we would have to assume that the assessments made represented 
50 per cent, of the value and that the true value for taxation would be double 
that sum. We could not review and change the action of the board of equaliza- 
tion upon a claim of lack of uniformity in assessments unless we could be 
put in possession of sufficient information in regard to the assessments. The 
board of equalization, through some member of it, knew the value of the 
property, from actual view or from best information obtainable and from 
one year's residence in the township. In this investigation the evidence directs 
the attention of the Commission to less than one-twentieth of the total acreage 
of the county and to much less than that proportion of the total assessments 
in value. The board of equalization was required to equalize the assessments 
of all property in the county — not of adjoining properties or properties in 
the same neighborhood or township. Evidence in this proceeding disclosed 
that there is a great lack of uniformity in the assessment of property, in the 
opinion of witnesses, but in only three instances is there any evidence that 
the property is not worth as much as it is assessed at. 



DECISIOIsTS AT^D COMPLAINTS. 23 

(1) One witness testified that, in his opinion, the land of Smoote & Sons Co., 
which was assessed at $4 per acre, was worth $3 per acre ; one other witness 
testified that it was worth $4 to $5, and another testified it was worth $10 
an acre. 

(2) One witness testified that the Hotel Gordon property, which was as- 
sessed at $4,000, was, in his opinion, worth only $4,000 to $4,500; while one 
of the parties interested testified that he thought a purchaser could buy it at 
$4,900 ; that he would sell his interest at the rate of $5,000 for the whole, and 
that he thought the owners would have sold for $5,800 on the first day of 
June, 1907. 

(3) The owner of the telephone property testified that that property, which 
was assessed at $5,000, had in fact only cost $3,000, but he also testified that 
he had received $400 or $500 net income from it the last year. 

If called upon to assess them originally, and if the Commission had no 
other information as to value except that derived from the evidence in this 
case, the Commission would not have assessed the Hotel Gordon property or 
the telephone property as high as it is assessed ; but, in our view of it, in 
order to warrant the Commission in reducing the assessment, the proof of 
overvaluation ought to be such as to convince of mistake or fraud on the part 
of the board of equalization, and the evidence does not do that in this 
case. 

The Commission cannot undertake to equalize the valuations by changing 
the assessments of the board of equalization, which are alleged to be unequal. 
In order to do this, the Commission ought to have at least as much knowledge 
of the value of the whole property in the county as the board of equalization, 
had. The evidence in this case is confined to a very small part of the property 
of the county. 

Our conclusion, therefore, is that this proceeding must be dismissed, and it 
is so ordered. Franklin McNeill, 

April 4. 1908. Chairman. 

IN RE CONDITION OF SOUTHERN RAILWAY TRACK BETWEEN 
SELMA AND GOLDSBORO. 

Complaint having been made to the Corporation Commission that the South- 
ern Railway track between Selma and Goldsboro was in an unsafe condition, 
the matter was taken up with the officials of the Southern Railway, and a 
member of the Commission was sent over the track to make a personal 
inspection. From this inspection, and from the letters received from the offi- 
cials of the Southern Railway Company, we find the following facts : 

First. That the Southern Railway track between Goldsboro and a point a 
short distance east of Selma is laid with light rails, much worn and some of 
them bent. Many of the joints are badly out of alignment and the track is 
very rough. 

Second. That good cross-ties vrere distributed last year and many put in, 
and that the remainder are much needed in the track. 

Third. That 40 per cent, or more of the roadbed between these points has 
been ballasted with clinkers. 

Fourth. That the relaying of this track with heavier new rail has been 
indefinitely suspended, and about a double mile of new heavy rail, which has 



24 N. C. CORPOEATION COMMISSION. 

been distributed, is permitted to lie on the roadside for months instead of 
being used in relaying the old and inferior rails now in use. 

Fifth. That very little ditching \yas done last year, and the roadbed is badly 
in need of drainage. 

Sixth. That the condition of this track is such that the Southern Railway 
oflficials have found it necessary to issue "slow orders" for the movement of 
all trains over it. 

Seventh. That this track complained of forms a part of one of the most 
important and prosperous divisions of the Southern Railway. 

In consideration of these facts, the Commission is of the opinion that the 
remainder of the cross-ties needed on this track should be put in, and the 
new rail now distributed should be laid within thirty days from this date, 
and that the old and worn rail from that point to Goldsboro should be replaced 
by heavier and better rail and the roadbed properly drained, and that both 
should be completed on or before the first day of July, 1908 ; and it is so 
ordered. Franklin McNeill. 

April 30, 1908. Chair man. 

IN THE MATTER OF PETITION OF THE SOUTHERN BELL TELE- 
PHONE AND TELEGRAPH COMPANY TO WITHDRAW ITS SPECIAL 
RATES NOW CHARGED FOR TOLL SERVICE BETWEEN POINTS 
WITHIN THE STATE OF NORTH CAROLINA BETWEEN THE HOURS 
OF () P. M. AND A. M., AND TO SUBSTITUTE THEREFOR THE REG- 
ULAR RATES CHARGED FOR SUCH SERVICE BY THE COMPANY. 

This is a proceeding by the Southern Bell Telephone and Telegraph Com- 
pany for the relief indicated by the title of the cause. " Petition was filed 
April 14, 1908. Notice was given by announcement, in several of the news- 
papers published in the State, of the pendency of the proceeding and the date 
of the hearing. The hearing was had May 15, 1908. The following facts are 
found : 

The petitioner. Southern Bell Telephone and Telegraph Company, estab- 
lished toll-line business within North Carolina and made sj)e<^i''^l charges for 
ench telephonic communication, but the rates for such service between the 
hours of ft P. M. and 6 A. M. were less than the rate charged for similar 
service between the hours of 6 A. M. and 6 P. ]\X., as follows : When the day 
rate would be fifty cents or more, the night rate would be fifty per cent, 
thereof; when the day rate would be less than fifty cents, the night rate 
would be twenty-five cents. That instead of said special rates causing a more 
even distribution of the business during and over the twenty-four hours of 
each day, which was the purpose of the petitioner to accomplish, the result 
of the application of the special rate produced a congestion of its business 
during the period between the hours of 6 P. M. and 6 A. M., especially between 
the hours of and 8 P. M., and impaired the efficiency of its service. 

Petitioner has invested in toll lines in North Carolina $480,900.27 and had 
gross earnings from the operation of same for one year approximately 
$96,390.39, of which $80,481.82 was from intrastate business and $15,908.59 
was interstate business. The net earnings from said gross were approxi- 
mately 51/2 per cent., and if the night business had been conducted on 
the same rates as the day business the net would have been 7 per cent., with- 



DECISIONS AND COMPLAINTS. 25 

out making any allowance for deterioration of the plant. The net proiit 
petitioner received from its investment in North Carolina, in both toll and 
exchange property and service, upon an average from eight years' operation, 
was 3.85 per cent, without allowance for deterioration. 

Upon full consideration of allegations, proofs and argument of counsel, the 
Corporation Commission is of the opinion that the relief prayed for should 
be granted, and it will be so ordered. 

It is ordered that the Southern Bell Telephone and Telegraph Company be 
and it is hereby authorized to charge for toll service rendered by it between 
points within the State of North Carolina between the hours of 6 P. M. and 
6 A. M. the same rates as are now charged for similar toll service between 
the hours of 6 A. M. and 6 P. M. Franklin McNeill, 

Cliairniaii. 



HUTTON & BOURBONNAIS et al. v. THE CAPvOLINA AND NORTIIWEST- 
EPvN PvAILWAY COMPANY AND THE CALDWELL AND NORTHERN 
RAH.ROAD COMPANY. 

Rogers, Commissioner. 

The complainants in this case complain that the freight rates of the Cald- 
well and Northern Railroad Company are too high ; "that the rate to Valmead 
is not proportionate and is a discrimination in favor of Yalmead against War- 
rior, and operates in the sense of a discrimination in favor of points without 
the State" ; that the application of the rates of the Caldwell and Northern 
and the Carolina and Northwestern in a joint haul are improper ; that the 
Caldwell and Northern Railroad Company and the Carolina and Northwestern 
Railway Company are really one and the same road. 

The Commission heard this case at Lenoir, May 6th. The testimony offered 
was taken by a stenographer and copies thereof filed in the record of the case. 
It ai)pears therefrom that the Caldwell and Northern Railroad Company is 
operated by the Carolina and Northwestern Railway Company, but that each 
publish a tariff. It also appears that the Caldwell and Northern Railroad 
Company is controlled by the Carolina and Northwestern Railway Company 
by reason of ownership of the stock of the Caldwell and Northern Railroad 
Company, but that they are maintained and operated as separate and distinct 
corporations. 

The Caldwell and Northern Railroad Company's line is from Lenoir to 
Edgemont, a distance of 24 miles ; the Carolina and Northwestern Railway 
Company's line is from Lenoir, N. C, to Chester, S. C, 110 miles. The Cald- 
well and Northern Railroad Company has a rate on lumber, which appears to 
be the principal traffic of the road, from Lenoir to Yalmead, about one mile, 
of $2.40 per car of 24,000 pounds, and to the next station. Warrior, about 
three miles from Lenoir, at rate of $6 per car of 24,000 pounds, which rate a})- 
plies to other stations not over five miles from Lenoir ; stations over five miles 
and not exceeding ten miles, the rate is $7.50 ; over ten miles and not exceeding 
fifteen, the rate is $8 ; over fifteen miles and not exceeding twenty, $8.50 ; 
over twenty miles and not exceeding twenty-five, $9.50. These rates apply 
also on joint shipments within the State, without discount. 



26 



Jv^. C. COEPOEATIO^ COMMISSION. 



The Caldwell and Northern Railroad Company's tariff, used in constructing 
rates on lumber between stations on its road and all points, except within the 
State of North Carolina, provides a similar rate from Valmead, Warrior and 
all stations within five miles of Lenoir of $2.40 per car of 24,000 pounds. The 
Commission must find, therefore, that on interstate shipments Warrior is not 
discriminated against in favor of Yalmead. 

Should these two corporations be required to use one tariff and make 
charges for hauling freight as if* they were one and the same road? It ap- 
pears that they are separate and distinct corporations, each chartered to do 
a railroad business ; that the account of gross and net earnings, maintenance 
and every other charge are kept separate; that each is entitled to a tariff of 
charges or rates as may be reasonable for service performed by it ; and the 
Commission is of the opinion that the tariff of rates provided for this com- 
pany (the Caldwell and Northern) is reasonable, and that it should not be 
considered as constituting one and the same road, as the Carolina and North- • 
western Railway Company. 

The Yalmead rate on lumber, $2.40 per car, is perhaps an unusual rate for a 
short haul; it is approximately the charge usually made for switching service 
for that distance. But is the Warrior rate of $6 excessive in and of itself? 
If we are allowed to judge by comparison, it is not. 

The statement appended hereto shows the rate charged on lumber per car 
of 24,000 pounds, as follows. Southern Railway Company, Atlantic Coast Line 
Railroad Company and Seaboard Air Line Railway using the Standard Tariff, 
namely : 

Asheville and 
Standard. Murphy. 

5 miles and under $ 5.00 $ 6.25 

10 miles and over 5 6.50 8.13 

15 miles and over 10 7.50 9.38 

20 miles and over 15 8.50 10.63 

25 miles and over 20 • 9.50 11.88 

Asheville and Oxford and 

Spartanburg. Henderson. 

5 miles and under $ 6.25 $ 6.00 

10 miles and over 5 7.50 7.50 

15 miles and over 10 8.50 9.00 

20 miles and over 15 9.00 10.00 

25 miles and over 20 9.50 11.00 

Winston to Durham and Durham and 

Wilkesboro. S. C. Southern. 

5 miles and under $ 6.00 $ 7.00 $ 7.00 

10 miles and over 5 7.00 7.80 7.50 

15 miles and over 10 8.00 9.00 8.50 

20 miles and over 15 9.00 10.20 10.00 

25 miles and over 20 10.00 11.40 10.50 

It is true that some of the tariffs are on joint hauls discounted 10 to 25 per 
cent., but, the class and ability of the road considered, the comparison does 
not show that the charges of the Caldwell and Northern Railroad Company 
are excessive. 

The Commission is of the opinion that the application should be dismissed.. 

July 30, 1908. 



DECISIONS AND COMPLAINTS. 27 

CITY OF DURHAM v. THE NORTH CAROLINA RAILROAD COMPANY, 
AND THE SOUTHERN RAILWAY COMPANY— IN THE MATTER OE 
UNDERGROUND CROSSING AT GREG SON STREET. 

Beddingfield, Commissioner. 

This is a case in which the city of Durham petitions the Corporation Com- 
mission to hear and determine the facts relating to the subway crossing of 
■Gregson Street under the railroad tracks in the city of Durham, and that the 
necessary improvements for the convenience and safety of the public be required 
to be made, including the removal of the trestle bents now obstructing said 
Gregson Street, and including the putting in of permanent masonry abutments, 
and that the Commission fix and determine what part of the cost of making 
these improvements shall be paid by the city of Durham and what part shall 
be paid by each of the defendant railway companies. 

From the evidence before the Coramission. the following facts are found : 
The city of Durham has a population of about 27,000. The tracks of the 
North Carolina Railroad run through the city approximately east and west. 
The said railroad is leased and operated by the Southern Railway Company. 
About one-third of the population reside on the south side of the railroad. 
There is much movement of traffic and persons between the two sections of 
the city and only three crossings to accommodate them ; two of these cross- 
ings are at grade. The Gregson Street crossing is an underpass, but it is too 
narrow and is partially obstructed by trestle bents. The width of Gregson 
Street up to the under-pass is 46 feet. The estimated cost of making the 
under-pass 46 feet wide at the bottom, with an overhead clearance of 12 feet 
from the bottom of the girders to the grade of the street, including abutments 
of masonry, is $7,500 ; the estimated cost of concrete abutments alone is 
$3,100 ; the estimated cost of wooden abutments is $600. a difference of $2,500 ; 
the estimated cost of excavation necessary to widen the under-pass to 46 feet 
and to put in the foundations of the abutments is $750. 

During the hearing the Southern Railway Company offered to construct an 
under-pass, if it was allowed to use wooden abutments instead of concrete, at 
its own cost and expense, or to use the masonry abutments if the petitioner 
would pay one-half the cost, provided that in either event that part of the 
street running through the under-pass be graded and macadamized by the city 
of Durham. 

The petitioner declined to accept either of these propositions, but offered to 
fix the street and pay the cost of the necessary excavation (estimated at 
$750) if the masonry abutments were used. 

After careful consideration of the testimony in this case, the Commission 
is of the opinion that the improvements for Gregson Street crossing are neces- 
sary for the convenience and safety of the public, and that the improvements 
ought to be of a permanent nature. 

It is therefore ordered that the Southern Railway Company make the neces- 
sary improvements to the Gregson Street crossing in the city of Durham, so 
that the said crossing or under-pass shall have a clearance between the abut- 
ments of 46 feet, and that the said abutments be constructed of masonry 
(stone, brick or concrete) and of sufficient height to give an overhead clear- 
ance of not less than 12 feet between the lower side of the girders and the 
grade of the street in the center of the same. 



28 I^r. C. CORPORATION COMMISSIOl?^. 

It is further ordered that the city of Durham grade and macadamize the 
street through the under-pass, at its own cost and expense, and that it pay 
to the Southern Railway Company the sum of $1,000 as its part of the cost of 
constructing the improvements at Gregson Street crossing. 

It is further ordered that the Southern Railway Company complete these 
improvements within ninety days from this date. 

July 30, 1908. 



M. A. HECK, EXECUTRIX OF J. M. HECK. v. BOARD OF 
COMMISSIONERS OF MADISON COUNTY. 

Complaint of excessive taxation, heard before Commissioner Rogers, at Mar- 
shall, May 12. 

The plaintiff complained to the Commission in this case by petition, alleging 
illegal, excessive and irregular assessments against the property of the plain- 
tiff in Madison County for taxation. 

The complainant is the owner of an undivided interest in about 325 acres of 
land in ^Madison County, and. as executrix of the estate of J. M. Heck and as 
agent for others, she owns and controls the entire property and lists the same 
for taxation, and has paid the taxes annually assessed against it since the 
year 1894. It appears from the tax lists of Madison County that the valuation 
of the property referred to is variable. The first year (1894) that the com- 
plainant paid the tax charged against the property the valuation was $13,400 ; 
from 1895 to 1899, inclusive, it was $15,000 ; from 1899 to 1902. $1,440 ; from 
1903 to 1906, $1,700; for the year 1907, $20,000. These various sums have 
been assessed against the property, after adjustment by the local authorities 
and upon complaint of the taxpayer. 

It seems that there has been contention between the local authorities and 
the plaintiff during all of these years ; that this iDroperty was assessed for 
taxation at a valuation either excessively low or excessively high. It also 
appears from the complaint and answer filed herein and from the testimony 
taken before the Commission that the difference in the several valuations of 
the property in question is the difference in the opinions of assessors as to 
the value of the mineral contained therein. It is admitted by all parties that 
the value of the property, separate and apart from the value of the mineral it 
contains, is approximately $5 to $G per acre, or an average in value of the 
property of the township in which it is located. The testimony of W. B. 
Smith, defendant's witness, shows that there has been exjiended in the develop- 
ment of the mineral deposit in the i)roperty about $200 ; that he superintended 
the work done on the property many years ago ; that there has been but little 
work, if any, done, excepting that done by him ; that the exploration or test 
of the property showed iron ore ; that the extent of the deposit and value of 
it was not certain, and that he thought it was worth $20,000. He further testi- 
fied that he and J.' M. Smith sold the property, March 31, 1880, to J. M. Heck 
for $11,000, and that Heck sold, on April 12, 1880, two-thirds interest in the 
same to Charles McGee and Richard P. Wilson for $20,000. The record of 
deeds for Madison County, introduced in evidence, corroborated this part of 
Mr. Smith's testimony. 



DECISIONS AND COMPLxVINTS. 29 

The assessors for No. 3 Township, in which the property lies, N. H. Rice, 
W. R. White, and N. Buclvner, testified that the property was assessed for 
taxation hy them for the year 1907 at $17,000; that they regarded the value 
of the property, other than the mineral value, at about $5 per acre ; that they 
were influenced in their judgment of the value of the mineral in the land by 
what they had heard about its value and by the sales of the property referred 
to at $11,000 and $20,000, respectively ; that they didn't know what the value 
or the extent of the deposit of ore was. 

The plaintifC's witneses, Guy V. Roberts and William Keys, testified that 
they have viewed the property and were well acquainted with the adjoining- 
lands in the township in which it is located ; that its real value is that of the 
adjoining lands, valued at about $5 per acre; that there is practically no de- 
velopment of any mineral on the property, and, while there may be seen some 
iron ore, the extent of the deposit and the value of it is extremely uncertain. 

The deposition of Mrs. Heck, executrix, was read in evidence, and she stated 
that the land in question was rented for farm lands at an annual rental of 
$75 ; that she has given options on the land, but none of them were ever taken ; 
that she never had a cash offer for it ; that the mineral in the land is unde- 
veloped and the value speculative, because they do not know how much there 
is of it ; that there has never been any mineral taken out, except just a little 
piece for analysis; that the two-thirds referred to in the testimony was 
offered to her for the sum of $6,GG6.67, which is a basis of $10,000 for the 
whole. 

In view of all the evidence, taken in this case, the Commission is of the 
opinion that the purchase price of $11,000 is the true value of the property of 
the plaintiff. 

Therefore, let it be certified to IMadison County that on the 12th day of 
May the assessment against the property of the plaintiff was reviewed by the 
Commission and changed from $20,400 to $11,000. 

I hereby certify to the Board of Connnissioners of Madison County that on 
the 12th day of May, 1908, the assessment against the property of M. A. Heck, 
executrix of J. M. Heck, was reviewed by the undersigned State Tax Com- 
missioner at Marshall and changed from $20,400 to $11,000. 

July 20, 1908. Sam. L. Rogers, 

State Tax Commissioner. 

CITIZENS OF LEXINGTON v. SOUTHERN RAILWAY COMPANY— IN THE 
MATTER OF DEPOT FACILITIES AT LEXINGTON, N. C. 

It is ordered by the Commission that the Southern Railway Company, in 
order to promote the security, convenience and accommodation of the public 
at Lexington, N. C, change or repair its passenger station and warehouse 
there, so as to provide sewerage, lights, baggage room and depot accommoda- 
tions commensurate with its business and revenue ; that the same be pro- 
vided within sixty days from this date. 

July 22, 1908. 



30 X. C. COEPOEATIO^N^ COMMISSION. 

N. E. WARD V. ATLANTIC COAST LINE RAILROAD COMPANY. 

This is a complaint alleging that the defendant bad violated Rule 9 of 
Circular No. 36 of the Corporation Commission in failing to furnish twenty- 
six cars which complainant alleged he applied for, under said rule, and in 
failing to pay the penalty provided in said rule. Defendant denied that it had 
violated the rule. 

In order to ascertain whether or not the rule had been violated, by consent 
of parties the matter was set for hearing August 7, 1908. 

Complainant was represented by Messrs. R. N. Simms and L. H. Allred, 
attorneys, and defendant by James H. Pou, Esq. 

Complainant introduced evidence which, among other things, established 
that he deposited money and made application in writing on February 2, 1907, 
for five cars, to be delivered immediately ; on February 7th, three cars, to be 
placed February ,9th ; on February 16th. three cars, to be placed at once; on 
February 20th, three cars to be placed at once ; on March llth, two cars, to 
be placed at once ; March 16th, two cars, to be placed at once ; April 3d, three 
cars, to be placed April 4th ; April 11th, two cars, to be placed at once ; April 
19th, three cars to be placed at once. 

This rule of the Corporation Commission was construed by the Supreme 
Court in the case of McDufRe v. Seaboard Air Line Railway, 145 N. C, 397, 
and it was held that "A defendant railway companj- is not liable for the 
penalty for failure to furnish cars to those who apply in writing or make the 
deposit under rule 9 of the North Carolina Corporation Commission, when the 
company is not allowed the four days therein specified within which to furnish 
them, notwithstanding the railway company didn't furnish them for twenty- 
three days." 

This decision, in our opinion, is conclusive against the contention of the 
complainant. In the McDuflie case application was made on the 3d of January 
for cars to be furnished on the 5th of Januaty ; in this case the application 
was made for cars to be furnished immediately or within two or three days. 

Under the above authority, this proceeding is dismissed. 

August 13, 1908. Feanklin McNeill. 

Chairman. 

T. C. VAUGHN V. ATLANTIC COAST LINE RAILROAD COMPANY— PETI- 
TION FOR ESTABLISHMENT OF SPUR SIDING. 

This petition was heard on May 12. 1908. Evidence was offered by both 
parties from which the following facts are found : 

Complainant has in oj^eration a sawmill about one-quarter of a mile from 
the point on the Atlantic Coast Line Railroad at which he asks for a siding 
to be established. He proposes to build a tramway from the mill to the siding. 
.Practically all the lumber which will be cut at the sawmill will be shipped 
over the Atlantic Coast Line Railroad to either Norfolk or Richmond. There 
will be approximately 200 car loads of lumber and 400 car loads of wood 
shipped from said siding, from which the defendant will receive $13,000 in 
freight. Complainant avers readiness to give a sufficient bond that the pro- 
portion of revenue accruing to said side track will be sufficient within five 
years to pay the expenses of its construction ; that a spur siding of a length 



DECISIONS AND COMPLAINTS. 81 

to liokl I'or loading tliree cars at the same time will be sufficient, and that the 
point at which said- siding is needed is 800 yards south of the sixth milepost 
going south from Weldon. The cost of a three-car siding spur is $400. 

It is ordered that the defendant construct said side track upon the com- 
plainants doing the grading and furnishing the cross-ties, and within thirty 
days after the grading is done and ties furnished. 

It is further ordered that complainant execute the bond offered as above, 
if the defendant insists upon same. Franklin McNeill. 

•Julv 20, 1908. ' Chairman. 



T. C. LEE & CO. V. SEABOARD AIR LINE RAILWAY. 

This is a proceeding to compel defendant to deliver car-load shipments of 
freight and to place empties for loading car-load freight on the siding which 
extends from defendant's main track by the Southern Cotton Oil Company's 
plant to Henderson Roller Mills Company's plant at Monroe, N. C. 

For the convenience of the parties, the case was heard at Monroe, N. C, on 
November 5, 1908. 

Messrs. R. B. Redwine and R. W. Lemmond appear as counsel for petitioner, 
and James H. Pou as counsel for defendant. 

The evidence was typewritten and is on file in this cause in this office. 

This siding was originally constructed to the Monroe Cotton Oil Company's 
plant, which is now owned by the Southern Cotton Oil Company, and was 
extended, at the request of the Henderson Roller Mills Company, to this 
plant, about 125 yards distant. Part of the land owned l)y the Monroe Oil 
Mill Company was crossed in extending this siding, by consent and agreement 
of the Monroe Oil Mill Company, based on a valuable consideration. 

The Southern Cotton Oil Company, after the construction of the extension 
of said siding, succeeded to the rights of the Monroe Oil ^lill Company. This 
siding was constructed by and at the expense of defendant. From the con- 
struction and extension of said siding until September, 1908, the same was 
used without discrimination, being used by the Henderson Roller Mills Com- 
pany and the Monroe Manufacturing Company and all other shippers and 
consignees for shipping and receiving car-load freight. In September, 1908, 
defendant refused to place a car loaded with bagging, three or four car« 
loaded with cotton-seed meal, and two or three cars of hulls, consigned to 
petitioner at Monroe, on said siding for unloading, and also refused to permit 
petitioner to load a car with cotton seed on said siding. 

The reason assigned by defendant for refusing to permit petitioner to un- 
load and load freight on this siding was that the Southern Cotton Oil Company 
objected upon the ground that petitioner was a competitor of theirs in busi- 
ness. The Southern Cotton Oil Company was a dealer in cotton seed, cotton- 
seed, meal and hulls, and the petitioner was also engaged in said business, 
and the said siding was in part over the land of the Southern Cotton Oil Com- 
pany. There was no objection to delivering freight to any other person or 
persons, and defendant delivers car-load freight to all persons, other than 
petitioner, who request it, and even to petitioner such freights as are not 
involved in competition. 



32 N. C. COKPORATION COMMISSION. 

Without passing upon all the contentions of counsel for petitioners, we are 
of the opinion that the position is well taken by plaintiff's counsel that the 
defendant cannot, while in possession and operating said siding, discriminate 
against patrons either of its own motion or on demand of the Southern Cotton 
Oil Company, 

We are further of the opinion that the refusal by defendant to place cars 
above named for unloading and loading is discrimination against petitioner, 
which is prohibited by law. 

It is therefore ordered that the defendant ceas^ and desist from said dis- 
crimination, and this cause is retained for further direction. 

Franklin McNeill. 

December 9, 1908. Chairman. 

CITIZENS OF CANTON v. SOUTHERN RAILWAY COMPANY— PETITION 
FOR BETTER PASSENGER STATION AND WAREHOUSE FACILITIES. 

It appearing upon report of Commissioner Rogers, after investigation, that 
the passenger and freight facilities at Canton are inadequate for the accom- 
modation of passengers and freight facilities : 

It is ordered that defendant provide adequate facilities as soon as practica- 
ble, and that plans submitted be modified so as to enlarge the white waiting 
room and also add an extension of the platform 25 x 53 feet, in addition to the 
warehouse, 36 x 60 feet. 



CITY OF DURHAM v. THE NORTH CAROLINA RAILROAD COMPANY 
AND THE SOUTHERN RAILWAY COMPANY— IN THE MATTER OF 
UNDERGROUND CROSSING AT GREGSON STREET. 

Beddingfield, Commissioner. 

This cause coming on to be heard upon the exceptions of the defendants, 
and both sides consenting that the order be so amended as to strike out 
that part requiring the abutments of the subway at Gregson Street crossing to 
be constructed of masonry, and the Commission having carefully considered 
the exceptions, together with all the facts relating to this case ; therefore the 
original order is amended to read as follows: 

It is therefore ordered that the Southern Railway Company make the neces- 
sary improvements to the Gregson Street crossing, in the city of Durham, so 
that the said crossing or under-pass shall have a clearance between the abut- 
ments of 45 feet, and that the said abutments be constructed in a safe, con- 
venient and neat manner and of sufficient height to give an overhead clearance 
of not less than 12 feet between the lower side of the girders and the grade of 
the street in the center of the same. 

It is further ordered that the cost of excavating the earth necessary to 
make the said crossing or under-pass of the dimensions required by this order 
shall be borne by the city of Durham, and all the other expense of construct- 
ing the abutments and overhead work of the said crossing or under-pass shall 
be borne by the Southern Railway Company. 

It is further ordered that these improvements be completed within sixty days 
from this date. > 

September 16. 1908. 



DECISIOJsiS AND COMPLAINTS. 33 

SEABOARD AIR LINE RAILWAY to THE COMMISSION. 

This was an application ou tlie part of petitioner asking to be allowed to 
discontinue trains 29 and 30, known as "Shoo Fly" train, between Weldon and 
Raleigh. Various petitions from the towns along the line of the road between 
Raleigh and Weldon were filed, protesting against the discontinuance of the 
trains. 

After conference with the railroad officials, a compromise adjustment was 
agreed upon, the petitioning company consenting to continue running this 
trahi between Norlina and Raleigh. 



CLAIMS AND COMPLAINTS ADJUSTED. 



Various claims and complaints were adjusted by correspondence, as fol- 
lows : 

James A. Sanders v. Southern Railway Company. Claim of $4.20 for lost 
shipment of freight. Claim paid. 

W. P. Smith V. Southern Express Company, Claim of $17.05 for lost ship- 
ment of freight. Claim paid. 

W. G. Tyson & Co. v. Atlantic Coast Line Railroad Company. Claim of 
$7.95 for overcharge in freight. Claim paid. 

C. J. Alston V. Southern Railway Company. Claim of $25 for damage to 
baggage. Claim paid. 

McEwen Lumber Company v. Southern Railway Company. Claim of $7.84 
for overcharge in freight. Claim paid. 

Balfour Quarry Company v. Southern Railway Company. Claim of $18.80 
for overcharge in freight on shipment of stone. Claim paid. 

Morganton Manufacturing and Trading Company v. Durham and Southern 
Raihvay Company. Claim of $11.37 for overcharge on one car-load shipment 
of shooks. Claim paid. 

Dr. B. W. Hathaway v. Western Fnion Telegraph Company. Claim of 
50 cents overcharge on message. Claim paid. 

North Carolina Chair Association v. Norfolk and Western Railway Com- 
pany. Claim of 75 cents overcharge on freight. Claim paid. 

J. W. Barber & Son v. Southern Railway Company. Claim of $54.05 dam- 
age to shipment of blankets. Claim paid. 

Thomas D. Moore v. Southern Express Company. Claim of 95 cents for 
overcharge on freight. Claim paid. 

G. P. Fleming v. Norfolk and Southern Railway. Claim of 63 cents over- 
charge on freight. Claim paid. 

B. F. Sugg & Son V. Atlantic Coast Line Railroad Company. Claim of 
$12.84 overcharge on freight. Claim paid. 

Southern Molasses Company v. Southern Railway Company. Claim of $10.03 
for lost shipment of freight. Claim paid. 

Corp. 1 3 



34 N". C. COEPOEATION COMMISSIOIS^. 

S. D. Burgess v. Norfolk and Southern liaihvay. Claim of $10.35 for dam- 
age to shipment of chickens. Claim paid. 

Adams Grain and Provision Company v. Norfolk and Southern Railway. 
Claim of $36.72 for overcharge on shipment of hay. Claim paid. 

Friley Chesson v. Norfolk and Southern liaihvay. Claim of 27 cents over- 
charge on freight. Claim paid. 

A. M. Noble v. Norfolk and Southern Railway. Claim of $3.42 overcharge 
on shipment of freight. Claim paid. 

D. D. Lashlee v. Seaboard Air Line Railway. Claim of $11 for penalty on 
account of failure to place cars. Claim paid. 

S. A. Griffin v. Atlantic Coast Line Railroad Company. Claim of $6 for 
lost shipment of freight. Claim paid. 

Samuel Watts v. Norfolk and Western Railway Company. Claim of $69.34 
overcharge on shipment on watermelons. Claim paid. 

Alfred Williams & Co. v. Southern Railway Company and Atlantic Coast 
Line Railroad Company. Claim of $63.50 for lost shipment of freight. Claim 
paid. 

Joseph Edwards v. Atlantic Coast Line Railroad Company. Claim of $49.58 
for lost shipment of tobacco. Claim paid. 

H. M. Geer Lumber Company v. Southern Railway Company. Claim of 
$31 for failure to furnish cars. Claim paid. 

Coulter & Lowry v. Southern Railway Company. Claim of $121.48 for lost 
shipments of freight. Claim paid. 

Aug. O. Warren v. Seaboard Air Line Railway. Claim of $12 for lost ship- 
ment of freight. Claim paid. 

J. A. Lakey v. Southern Railway Company. Claim of $1.45 for lost ship- 
ment of freight. Claim paid. 

E. E. Bain v. Southern Railway Company and Thomasville and Glenn Anna 
Railroad Company. Claim of $237.29 overcharge on shipments of lumber. 
Claim paid. 

Winston Auditing and Adjusting Company v. Southern Railway Company. 
Claims for overcharges. Claim paid. 

P. S. Gettys v. Southern Railway Company. Claim of $63.54 for lost 
shipment of freight. Claim paid. 

Gibson Oil Mill v. Seaboard Air Line Railway. Claim of $41.40 for loss 
of coal in transit. Claim paid. 

Madison Grocery Company v. Southern Railway Company. Claim of $9 for 
lost shipment of freight. Claim paid. 

H. C. Rancke v. Seaboard Air Line Railway. Petition for track scales at 
Rockingham. Dismissed. 

Citizens of Glenola v. Southern Railway Company. Petition for establish- 
ment of freight agency at Glenola, a station on line of defendant's road. 
Dismissed. 

C. W. Russell V. Southern Railway Company. Claim for damage to shipment 
of kainit. Claim dismissed. 



DECISIONS AND COMPLAINTS. 35 

T. W. Brackett & Co. Complaint and claim for penalty for failure to furnish 
cars. Dismissed for want of jurisdiction. 

W. T. Sauls V. Seaboard Air Line Railway. Complaint claiming penalty 
for delay in furnishing cars. Dismissed. 

Arthur W. Burt v. Aberdeen and Ashboro Railroad Company. Claim for 
lost shipment of freight. It appearing that the shipment was one of inter- 
state commerce and without the jurisdiction of the Commission, the case was 
dismissed. 

Atlantic Coast Line Railroad Company to the Commission. Petition asking 
that flag stop of trains at Annandale be discontinued and that Topsail Sound 
be made a flag stop instead. Petition granted. 

Siler & Son v. Southern Railway Company. Petition for siding facilities. 
Dismissed. 

High Point Bending and Chair Company v. Southern Railway Company. 
Petition for siding facilities. It appearing that the plant of petitioner had 
been destroyed by fire since filing of petition, and that siding facilities were 
not now desired, petition was dismissed. 

T. S. Swain v. Norfolk and Southern Railway. Claim of $31.2.5 for failure 
to deliver shipment of freight. It appearing upon investigation that ship- 
ment had been delivered, and no further relief being required, the case was 
dismissed. 

R. J. Pendleton & Co. v. Atlantic Coast Line Railroad Company. Claim 
for lost shipment of freight. It appearing upon investigation that shipment 
had been traced and delivered to consignee, and no further relief being de- 
sired, the case was dismissed. 

Citizens of Morganton v. Western I^nion Telegraph Company and Southern 
Railway Company. Petition asking that defendants establish an up-town tele- 
graph office. It appearing upon investigation and correspondence with defend- 
ants that they were willing to install telephone service, which is satisfactory 
to the petitioners, the case was closed. 

Norfolk and Southern Railway v. W. W. King. Ann King et al., Gertrude 
Trapier and E. S. Trapier. Petition for condemnation of land in the city of 
Raleigh for depot purposes. Petition withdrawn. 

T. H. Hitch V. Atlantic Coast Line Railroad Company. Petition for siding 
facilities. Adjusted. 

Citizens of Rutherfordton v. Seaboard Air Line Railway and Southern 
Railway Company. Petition for union passenger station. Dismissed tem- 
porarily. 

O. Marks & Son v. Norfolk and Southern Railway. Complaint of failure 
of defendant to receive and forvr'ard freight promptly. Adjusted. 

Mebane Bedding Company v. Southern Railway Company. Petition for 
change in classification of bed springs. Petition granted. (See Circular 
No. 92.) 

Atlantic Coast Line Railroad Company to the Commission. Application 
to discontinue passenger and freight station at Dixon. Petition of the citizens 
of Dixon against the discontinuance of this station being filed, the applica- 
tion is withdrawn. 



36 W". C. COEPOEATIOI^ COMMISSION. 

Cochrane Show Case Company v. Southern Raihvay Company. Petition 
for change in classification of show cases. Petition granted. (See Circular 
No. 93.) 

Seaboard Air Line Railway to the Commission. Application to close freight 
station at Henderson at noon on Saturdays. Granted. 

F. M. Farrell y. Seaboard Air Line Railway. Claim for overcharge. Ad- 
justed. 

Atlantic Coast Line Railroad Company to the Commission. Application to 
withdraw from service certain passenger trains on the various branches of 
petitioner's road. Various petitions being filed with the Commission against 
the discontinuance of any passenger service as proposed, petitioners, after 
several conferences and correspondence with the Commission, withdraw their 
application. 

Town of Whittier v. Southern Railway Company. Condition of depot 
grounds. Adjusted. 

Connor & Connor v. Atlantic Coast Line Railroad Company. Complaint 
of freight rate on kainit, and claim for overcharge. After correspondence 
and conference, the case is withdrawn. 

C. P. Albright v. Southern Bell Telephone and Telegraph Company. Com- 
plaint of discrimination in charge for telephone service. Adjusted. 

Southern Railway Company to the Commission. Application to discontinue 
agency at Quebec and make same a prepay station. Application w^ithdrawn. 

Snow Bird Valley Railway Company to the Commission. Schedule of 
freight rates approved. (See Circular No. 97.) 

Mustin-Robertson Company v. Southern Railway Company. Complaint of 
discrimination in freight rates to Asheville in favor of Canton. Adjusted. 

Simpkins & Styron v. Atlantic Coast Line Railroad Company. Complaint 
of wharfage charges at New Bern. Dismissed. 

Capital City Telephone Company to the Commission. Schedule of charges 
for telephone service for the city of Raleigh approved as per schedule filed. 

Atlantic Coast Line Railroad Company to the Commission. Application to 
apply a freight rate on fertilizer of $2.30 and $2 per ton to Farmville and 
Greenville, respectively, on account of competition. Granted. 

Burke Tanning Company v. Carolina and Northwestern Railway Company, 
Complaint of freight rate on bark. Adjusted. 

J. W. McLauchlin v. Atlantic Coast Line Railroad Company. Complaint 
of discrimination in freight rate on fertilizer from Wilmington to Raeford 
in favor of a more distant point, Bowmore. Adjusted. 

Atlantic Coast Line Railroad Company to the Commission. Application to 
discontinue agency at Graingers. Granted. 

South and Western Railroad to the Commission. Application to dis- 
continue agency at Poplar and make same prepay station. Granted. 

John M. Scott & Co. to the Commission. Application for change in classifi- 
cation of grape juice. Granted. (See Circular 107.) 

W. E. & T. G. Trenchard v. Seaboard Air Line Railway. Complaint of 
freight rate on logs. Adjusted. 



DECISIOKS AND COMPLAII^TS. 37 

Franklin Kaolin and Mica Company v. Taliulali Falls Railway Company. 
Complaint of freight rates on kaolin. Adjusted. 

Seaboard Air Line Railway to the Commission. Application to change 
minimum car-load weight on lime. Granted. 

Marcus Erwin v. Southern Railway Company. Complaint of discrimination 
in freight rate on brick. Adjusted. 

Wimbrow Bros. Company v. Seaboard Air Line Railway. Petition for 
siding facilities. Granted. 

Southern Railway Company to the Commission. Application to apply 
freight rate of 75 cents per thousand on brick from Concord to Charlotte, 
no higher rates to be charged from intermediate points. Granted. 

Travelers' Protective Association v. Railway Companies. This is a petition 
on the part of the Travelers' Protective Association and others, complaining 
of the rule of the railroad companies requiring that the holder of mileage 
tickets exchange same at the ticket office for tickets good on trains. The 
Commission took this matter up with the railroad companies with the view 
of getting them to withdraw this rule, but on their declining to do so, and 
the Commission having no authority to make any order in the premises, the 
case was dismissed. 

North Carolina Cotton Oil Company v. Seaboard Air Line Railway. Claim 
for refund of $1 demurrage charge. Demurrage refunded. 

Junius D. Grimes v. Norfolk and Southern Railway. Complaint of pas- 
senger service. Adjusted. 

Craven Chemical Company v. Atlantic Coast Line Railroad Company. Peti- 
tion asking that defendant accept car-load shipments for Ravenswood, a 
station on defendant's line; further, asking for siding and depot facilities. 
It appearing upon investigation that the business done would not justify 
same, the case was dismissed. 

Railway Clerks of Raleigh to the Commission. Petition asking to be al- 
lowed to close the freight warehouses at 5 P. M. instead of 6 P. M. Denied. 

Southern Railway Company to the Commission. Application for rate on 
wood-pulp screenings. Granted. (See Circular No. 99.) 

Greensboro Ice and Coal Company v. Southern- Railway Company. Com- 
plaint of refusal of defendant to reweigh car loads of coal. It appearing 
that the shipments of coal were interstate, and the Commission having no 
jurisdiction in the matter, the case was dismissed. 

Mount Airy Furniture Company v. Southern Railway Company. Complaint 
of failure to furnish cars for transportation of furniture. Cars furnished. 
Case closed. 

Connor & Connor v. Southern Railway Company. Complaint of discrimina- 
tion in freight rate on brick. Discrimination corrected. Rates adjusted. 

W. C. Thurston v. Seaboard Air Line Railway and Southern Railway Com- 
pany. Complaint of failure to receive and forward shipments of freight at 
junction points. Adjusted. 

Arthur M. Field Company v. Southern Express Company. Complaint of 
express service at Asheville. Adjusted. 



38 T^. C. COEPOEATION" COMMISSIOK". 

E. M. C. Wicker v. Southern Express Company. Claim for lost shipment 
of freight. It appearing npon investigation that shipment had been delivered, 
and no further relief being desired, the case was dismissed. 

Ellington to the Commission. Application to apply a rate of $1 per car load 
on sawdust from Moncure to Raleigh. Allowed. 

Odell Hardware Company v. Southern Railway Company. Complaint of 
discrimination and petition for change in classification of freight rate on 
agricultural implements. Granted. (See Circular No. lOS.) 

Ramsaur & Grigg v. Carolina and Northwestern Railway. Application for 
siding facilities. Granted. 

Corporation Commission v. Southern Railway Company. Depot facilities 
at Statesville. Adjusted. 

J. H. Boatwright v. Southern Express Company. Claim of $1.04 over- 
charge and also complaint of classification of melons. Overcharge refunded 
and classification on melons reduced to Class D. 

Portner Malt Extract Company v. Southern Railway Company. Complaint 
of refusal of defendant to receive and transport shipments of "Small Brew." 
Dismissed. 

Southern Express Company to the Commission. Application to apply ex- 
press rates over Washington and Vandemere Railroad in excess of the stand- 
ard rates authorized by the Commission. Application denied. 

Atlantic Coast Line Railroad Company to the Commission. Application to 
open depot at Rose Hill at 7 :30 A. M. instead of 7 A. M. Granted. 

J. AV. Jones v. Southern Railway Company. Complaint of passenger train 
service between Greensboro and North Wilkesboro. Adjusted. 

Farmers Cotton Oil Company v. East Carolina Railway. Claim of $2.63 
overcharge in freight. Overcharge refunded. 

White Furniture Company to the Commission. Complaint of classification 
of kitchen safes. Adjusted. 

E. E. Bain v. Atlantic Coast Line Railroad Company. Claim of $4.50 over- 
charge in freight on car-load shipment of lumber. Claim paid. 

Citizens of Nebo v. Southern Express Company. Application for establish- 
ment of express office at Nebo. Granted. 

Citizens of Morrisville v. Southern Railway Company. Application asking 
that Sixty-five-mile siding be made a prepay station. Granted. 

Kinston and Snow Hill Railroad to the Commission. Application to handle 
packages on passenger trains at regular express rate. Granted. 

Bretsch v. Southern Express Company. Complaint of express rate on 
bread, and asking that bread be placed under Class D instead of Class C. 
Granted. 

City of Charlotte v. Southern Railway Company. Complaint of passenger 
train and station service at Charlotte. Adjusted. 

Southern Railway Company to the Commission. Application to apply a 
rate of 20 cents per ton on road-making material, crushed stone, etc., from 
Balfour Quarry to Tryon, for construction of road in Polk County. Granted. 



DECISIO^TS AND COMPLAINTS. 39 

Atlantic Coast Line Railroad Company to the Commission. Application to 
apply a freight rate on brick of .$1.35 per thousand brick, car load 12.000 
brick minimum, from Halifax to Greenville, for use in building State In- 
dustrial Institution. Granted. 

Citizens of Black Creek v. ^^tlantic Coast Line Railroad Company and 
Western Union Telegraph Company. Application for re-establishment of tele- 
graph office at Black Creek. It appearing that the business offered would not 
justify the establishment of telegraph service, the case was dismissed. 

Rocky Mount Merchants and Business Men to the Commission. Petition 
to close warehouse at Rocky Mount at 1 o'clock on Saturdays from June 1st 
to September 1st. Granted. 

Beaufort Fish Company v. Southern Express Company. Claim for lost 
shipment of freight. Complainant failing to furnish bill of lading and neces- 
sary papers for investigation, the case was dismissed. 

Washington and Vandemere Railroad Company to the Commission. Schedule 
of freight rates for petitioning company are filed and approved. (See rate 
•file.) 

Citizens of Pikeville v. Atlantic Coast Line Railroad Company and Western 
Union Telegraph Company. Application for establishment of telegraph service. 
It appearing upon investigation that the business offered would not justify 
the maintenance of telegraphic service, the case was dismissed. 

W. R. Brown v. Atlantic Coast Line Railroad Company, Complaint of 
discrimination in freight rate on lumber. Adjusted. 

Adams Express Company to the Commission. Express rates for petitioning 
company are filed and approved. (See rate file.) 

Raleigh and Southport Railway Company to the Commission. Petition 
asking that the Commission authorize freight rate on dogwood, hickory, 
persimmon and gum logs as is applicable on oak, pine, maple and other hard- 
wood logs eight feet and under in length, carload minimum 40,000 pounds. 
Granted. 

Randolph and Cumberland Railway Company to the Commission. Schedule 
of freight rates on lumber filed and approved. (See tariff file.) 

Southern Railway Company to the Commission. Freight rates on Bushnell 
extension filed and approved. (See Southern Railway rate file.) 

Citizens of Red Springs v. Atlantic Coast Line Railroad Company and Sea- 
board Air Line Railway. Complaint of failure of defendants' passenger trains 
to connect at Maxton. Adjusted. 

Citizens of Clinton v. Western Union Telegraph Company. Application for 
establishment of telegraph office. Granted. 

Citizens of Conway v. Seaboard Air Line Railway. Petition for warehouse 
and waiting-room. Petition granted. 

Corporation of Marion v. Southern Railway Company. Application for 
order requiring defendant to erect a bridge over Main Street, in the town 
of Marion. Adjusted. 

Southern Railway Company to the Commission. Application to discontinue 
agency at Zirconia and establish agency at Coleman siding instead. Granted. 



40 N. C. COEPOEATIOlSr COMMISSION. 

Toxaway Tanning Company v. Southern liaihvay Company. Complaint of 
excessive freiglit rate on tannic acid. Dismissed. 

Burlie Tanning Company v. Soutliern Railway Company and Carolina and 
Northwestern Railway. Claim of $11.78 overcharge in freight on shipments 
of extract, and complaint of excessive freight rates on tanning extract. Over- 
charge refunded and rates adjusted. (See Circular No. 109.) 

Henderson Manufacturing Company v. Seaboard Air Line Railway, Southern 
Railway Company and Atlantic Coast Line Railroad Company. Claims of 
$24.99 overcharge on shipments of buggy bodies, and complaint of minimum 
car-load weight on buggy bodies. Overcharge refunded and minimum car-load 
weight adjusted. (See Circular No. 102.) 

Citizens of Murphy v. Louisville and Nashville Railroad Company. Com- 
plaint of passenger service on Murphy Branch Division of defendant's road. 
Dismissed. 

Miltimore Lumber Company v. Southern Railway Company. Petition for 
siding facilities. Adjusted. 

Burke Tanning Company v. Southern Railway Company. Complaint of 
excessive freight rate on tannic acid. Adjusted. (See Circular No. 101.) 



CIRCULARS. 4 1 



CIRCULARS. 



CIRCULAR No. 93. ' 

Raleigh, January 24, 1908. 
CLASSIFICATION OF SHOW CASES— CAR LOAD. 

From and after February 1, 1908, show cases, ear load, \Yill be classed as 
follows : 

Sbow or display cases and cabinets, set up or knocked down, in straight 
car loads or in mixed car loads, with fixtures for fitting post offices, stores, 
oflBces, banks, barber shops, etc., with or without mirrors (glass to be prop- 
erly boxed), minimum weight 10,000 pounds, first class. 

By order of the Commission : Franklin McNeill, 

H. C, Brown, Chairman. 

Cleric. 

CIRCULAR No. 94. 

Raleigh, February 17, 1908. 

CONSTRUING CIRCULAR No. 10 AS TO MINIMUM WEIGHT ON COTTON 
SEED AND COTTON-SEED HULLS— CAR LOAD. 

The minimum weight on cotton seed and cotton-seed hulls, car load, is 20,000 
pounds. 

By order of the Commission : Franklin McNeill, 

H. C. Brown. Chairman. 



Clerk. 



CIRCULAR No. 95. 

Raleigh, April 2, 1908. 

JOINT FREIGHT RATES. 

Under and by virtue of an amendment, at the special session of the General 
Assembly in January, 1908, to chapter 217, Public Laws of 1907, the following 
railroad companies have been exempted from the provision requiring a dis- 
count from the local rates of each road on joint hauls of freight : 

Aberdeen and Ashboro Railroad Company. 

Aberdeen and Rockfish Railroad Company. 

Atlantic and Western Railroad Company. 

Caldwell and Northern Railroad Company. 

Carolina and Northwestern Railway Company. 

Carolina Valley Railway Company. 

Dover and Southbound Railroad. 

Durham and Charlotte Railroad Company. 

Durham and South Carolina Railroad Company. 



42 N". C. COEPORATION COMMISSION. 

Durham and Soiitberii Railway Company. 

East Carolina Railway. 

Kinston and Snow Hill Railroad. 

Northampton and Hertford Railroad Company. 

Raleigh and Sonthport Railway Company. 

Randolph and Cumberland Railway Company. 

Red Springs and Bowmore Railroad Company. 

Roanoke River Railway Company. 

Virginia and Carolina Southern Railway. 

Warrenton Railroad Company. 

Except on joint hauls of fertilizer a discount of 20 per cent, shall be made 
by each carrier, and on cotton, cotton seed and cotton-seed hulls a discount 
of 10 per cent, shall be made. 

By order of the Commission ; Franklin McNeill, 

H. C. Brown, Chairman. 

Clerk. 

Note. — Red Springs and Bowmore Railroad is allowed 12i/^ cents per ton 
on fertilizer for transferring, on account of narrow gauge. 



CIRCULAR No. 96. 

Raleigh, April 11, 1908. 

MINIMUM CAR LOAD LIME— BUILDING. 

From and after this date, the minimum car load on building lime will be 
.30,000 pounds. 

By order of the Commission : Franklin McNeill. 

H. C. Brown, . Chairman. 

Clerk. 

CIRCULAR No. 97. 

Raleigh, April 21, 1908. 

^ FREIGHT RATES— SNOW BIRD VALLEY RAILWAY. 

From and after this date, the Snow Bird Valley Railway Company will be 
allowed to charge for transportation of freight, as follows : 

Wood, bark, logs and lumber, per car load of 15,000 pounds, 4 miles and 
under, $.5 per car ; 8..50 miles and over 4 miles, .$9 per car ; 13.50 miles and 
over 8 miles, .$10 per car. 

Poplar and chestnut lumber, per 1,000 feet, 13.50 miles or under, $2.07. 

Oak, ash, etc., $3..34 per 1,000 feet. 

General merchandise, 4 miles and under, 15 cents per 100 pounds. 

General merchandise, 8.50 miles and over, 25 cents per 100 pounds. 

By order of the Commission : Franklin McNeill, 

H. C. Brown, Chairman. 

Clerk. 



CIRCULAES. 48 

CIRCULAR No. 98. 

Raleigh, April 29, 1908. 

(Amending Circular No. 95.) 

Circular No. 95 — Joint Freight Rates — is amended by adding thereto "Kins- 
ton and Carolina Railroad Company." 
By order of the Commission ; Franklin McNeill, 

H. C. Brown, Cliainmiu. 

Clerk. 

CIRCULAR No. 99. 

Raleigh, May 1, 1908. 

FREIGHT RATE ON WOOD-PULP SCREENINGS. 

The Southern Railway Company is authorized to apply rates on wood-pulp 
screenings, in rolls, less car load, per 100 pounds, as follows : Canton to Ashe- 
ville, 10 cents ; Canton to Marion, 16 cents ; Canton to Hickory, 20 cents ; Can- 
ton to Charlotte, 25 cents; Canton to Greensboro, 25 cents; Canton to High 
Point, 25 cents ; Canton to Winston-Salem, 25 cents. 
By order of the Commission : , Franklin McNeill, 

H. C. Brown, Chairman. 

Cleric. 

CIRCULAR No. 100. 

Raleigh, May 2, 1908. 

CLASSIFICATION OF SORGHUM OR CANE SEED. 

From and after May 10, 1908, sorghum or cane seed will be classified as fol- 
lows : Car load or less than car load, sixth class. 
By order of the Commission : FRx\nklin McNeill, 

H. C. Brown, Clialrman. 

Clerk. 



CIRCULAR No. 101. 

Raleigh, May 9, 1908. 

FREIGHT RATE ON BARK EXTRACT— TANNING. 

From and after May 20, 1908, the freight charge on bark extract — tanning, 
liquid, in wood or tank cars — car load minimum weight, 30,000 pounds, will 
be as follows : 150 miles, 13 cents per 100 pounds ; over 150 miles, 15 cents 
per 100 pounds. For distances under 150 miles, sixth-class rate shall apply, 
except that in no instance shall the rate exceed the rate for 150 miles. Appli- 
cable to all railroads. 
By order of the Commission : Franklin McNeill, 

H. C. Brown, Chairman. 

Clerk. 



44 K. C. COEPOEATIOW COMMISSIOI^. 

CIRCULAR No. 102. 

Raleigh, May 13, 1908. 

CLASSIFICATION OF BUGGY BODIES. 

From and after May 20, 1908, the minimum weight of buggy bodies, unfin- 
ished, car load, will be 10,000 pounds, and fifth class. 
By order of the Commission: Feanklin McNeill, 

H. C. Brown, Cliairman. 

Cleric. 

CIRCULAR No. 103. 

^ Raleigh, May 25, 1908. 

(Amending Circular No. 96.) 

From and after this date, the minimum car load on building lime will be 
24,000 pounds. 
By order of the Commission : Franklin McNeill, 

H. C. Brown, Chairman. 

Clerk. 

CIRCULAR No. 104. 

Raleigh, June 10, 1908. 

CLASSIFICATION OF FRUIT JUICES. 

From and after June 20, 1908, fruit juices, in glass, less than car load, will 
be second class. 
By order of the Commission: Franklin McNeill, 

H. C. Brown, Chairman. 

Clerk. 

CIRCULAR No. 105. 

Raleigh, June 10, 1908. 

CLASSIFICATION OF MOULDING FOR BUILDING PURPOSES. 

From and after June 20, 1908, moulding (pine or poplar) for building pur- 
poses, not finished or decorated, car load, will be classed same as common 
lumber, car load. 
By order of the Commission • Franklin McNeill, 

H. C. Brown, Chairman. 

Clerk. 



CIRCULAKS. 45 

CIRCULAR No. 106. 

Raleigh, June 15, 1908. 

CLASSIFICATION OF FRUIT JUICES AND FOUNTAIN SYRUPS. 

From and after this date, fruit juices and fountain syrups will be classified 
as follows: In glass, earthenware or tin cans, packed, less than car load, 
second class ; in wood, less than car load, third class ; in glass, earthenware 
or tin cans, packed, or in wood, car load, fifth class. 
By order of the Commission: Feanklin McNeill, 

H. C. Brown, Chairman. 

Clerk. 

CIRCULAR No. 107. 

Raleigh, July 6, 1908. 

(Substituted for Circular No. 106, which is withdrawn.) 

CLASSIFICATION OF FRUIT JUICES AND FOUNTAIN SYRUPS. 

From and after this date fruit juices and fountain syrups will be classified 
as follows: In glass, earthenware or tin cans, boxed, less than car load, 
second class; in wood, less than car load, third class; in glass, earthenware or 
tin cans, boxed, or in wood, car load, fifth class. 
By order of the Commission : Franklin McNeill, 

H. C. Brown, Chairman. 

Clerk. 

CIRCULAR No. 108. 

Raleigh, October 28, 1908. 

CLASSIFICATION OF CULTIVATORS, etc. 

From and after November 10, 1908. the following changes in Commissioners' 
Classification will be effective : Cultivators, less than car load, K. D., packed, 
released, fourth class ; lanterns, packed, second class ; boxes and skeins, ve- 
hicles, loose, N. O. S., fifth class ; scythes, in bundles, second class ; wire, insu- 
lated, less than car load, second class. 
By order of the Commission: Franklin McNeill, 

H. C. Brown, Chairman. 

Clerk. 



46 Is". C. COEPORATION" COMMISSION. 

CIRCULAR No. 109. 

Raleigh, November 17, 1908. . 

TAN BARK— MINIMUM WEIGHT, CAR LOAD. 

From and after December 1, 1908, the minimum weiglit to be charged on 
car-load shipments of tan bark shall be as follows : When cars of 36 feet in 
length or over are used, 24,000 pounds; cars under 36 feet in length, 20,000 
pounds. Basis of freight charge to be at same rate per 100 pounds on car 
loads of 20,000 pounds as on 24,000 pounds. 
By order of the Commission: Franklin McNeill, 

H. C. Beown, Chairman. 

Clerk. 

CIRCULAR No. 110. 

Raleigh, December 23. 1908. 

CHANGE IN COMMISSION'S CLASSIFICATION ON SALT. 

From and after this date, the classification of salt will be as follows: Salt 
in sacks, boxes or barrels, less than car load, class 6 ; released, K. Salt in 
sacks, boxes or barrels, car load, class ; released, — . The item "table salts" 
is eliminated. 
By order of the Commission : Franklin McNeill, 

H. C. Brown, Chairman. 

Clerk. 

CIRCULAR No. 111. 

Raleigh, January 22, 1909. 

FREIGHT RATE ON FERTILIZER MATERIAL. 

From and after February 2, 1909, the freight rate on fertilizer material, viz., 
sulphate of ammonia, dried blood, bones, castor pomace (in bags), muriate of 
potash, sulphate of potash, fish scrap, rotten slate, nitrate of soda, sylvinite, 
hoof meal (in bags or in bulk), bat, bird or sheep manure (in bags or in 
bulk), tankage, acid phosphate (in bulk), kainit (in bulk), minimum car load 
30 tons or 60,000 pounds, shall be 10 per cent, less per ton than the rate on 
fertilizer. Fertilizer rate shall apply in less quantities. Applicable to all 
railroads. 

By order of the Commission : Franklin McNeill, 

H. C. Brown, Chairman. 

Clerk. 



PART TWO. 

ASSESSMENT OF RAILROAD, STREET RAILWAY, ELECTRIC LIGHT AND POWER, 
GAS, TELEGRAPH, TELEPHONE, EXPRESS, SLEEPING-CAR, REFRIGERATOR, 
STEAMBOAT AND CANAL COMPANIES, FOR THE YEAR 1908. COMPILATION 
FROM REPORTS OF RAILROAD COMPANIES, BANKS, AND OTHER CORPORA- 
TIONS FOR THE YEAR ENDING JUNE 30, 1908. 



Corp. 2- 



N. C. COEPOEATIOK" COMMISSION. 



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IT. C. CORPORATION COMMISSION". 



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ASSESSMENT OF RAILEOAD PROPERTY. 



23 



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24 



N. C. CO'EPOEATIO]^ COMMISSION". 






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ASSESSMENT OF EAILEOAD PROPERTY. 



25 



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26 



N. C. CORPORATION COMMISSION. 







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ASSESSMEISTT OF EAILROAD PEOPERTY. 



27 



CO rt ^ 



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3veland 

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ston 

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beson 

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a i^ o o K *-i U 



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t3 > 



28 



N. C. COEPOEATION COMMISSION. 





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iOC0"O'-HC^)iOIMT-l(M->#rt<T-HiO00T-HO000^"'-l 

(MC^r-(CSl,-(r-lT-l^T-(rH(MT-H,-lrMtO^C^ ^^1 ^^5 



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ASSESSMEJiTT OF RAILKOAD PROPERTY. 



29 



QO CO irj CO 



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05 


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cr. 


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g 


s 


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8 


g 


s 


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30 



I^. C. COEPOEATION COMMISSIOI^. 







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^f 


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CO 


o^ 


(^ 


J^ 


[^ 


CO 


CM 


1^ 


t> 


CO 


Oi 


















CD 




o 


o 


lO 


CO 


(^^ 


CO 


CO 


CO 


05 




CO 


CC 


CO 


00 


















r'r. ^ 




csi 


CO 


o 


CO 


CO 


C^j 


oi 


oq 


O 


CO 


CM 


c- 


CO 


CO 
























oo 


s 


00 


CO 

co_ 










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s 


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05 


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05 


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CD 


^ 


05 


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02 


t-' 






















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I 



ASSESSMENT OF EAILEOAO PROPERTY. 



31 



-H n^ CO 



re ^ CO ^ 



c-i c4 c^j 



§ 


g 


CO 

a: 


CO 

05 


CO 
05 


CO 
05 


g 


CO 


g 


g 


§ 


§ 


CO 


s 


g 


CO 


CO 


CO 


CO 


g 


g 


g 


g 


g 


g 


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1 


2 


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^ 


2 


2 


s 


^ 


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1 


1 


1 


g 


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2 


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g 


CO 





o 


o 


00 


o 


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(M 


o 


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X 


LO 


<M 


CO 


^ 


o 




CD 


o 


Tf- 


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^ 


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pq ffl 



O O W 



32 



N. C. COEPOEATION COMMISSIOT^. 






s 


^ 


{2 


^ 


^ 




CO 
05 


JJ? 


g 


CO 


^ 


CO 


8 


^ 


§ 


§ 


g 


§ 


g 


JC 


o 


ca 


5 


CO 


00 


g 

OT 


o 


1 


§. 


-- 


^ 


^ 

^ 


1 


^- 


1 


^_ 


CO 


^ 


i 


1 


o 





iC IM <N CO 









r 



cococococococccocococococococococococococo 



Oi Ci c^ o^ 



Csl (TJ Cfl C^ 



Cq C^ C<l (M 



cocococococococococococococo 



C^lC^lCvlCJC^lCNIOaCsl 



C^ Cfl c^ cq 



CO CO CO CO 



C^ (M IM (M 



(M T- T-^ 



ii ^ 



P Q W O O W ffi 






ffi w w 



ASSESSMEIvfT OF RAILROAD PROPERTY. 



33 



»o 


s 


i 


^ 


g 


o 


§ 


s 


g 


g 


g 


§ 


^ 


s 


£^ 


g 


§ 


s 


^ 


g 


^^ 


s 




i 


i 


1 


i 


i 


s 


i 


g 


s 


CO 


i 


i 




1 


i 


1 


i 


CO 


c^ 


i 




^ 


s 


s 


^ 


CO 


CO 


?^ 


s 


s 


s 


^ 


s? 


^ 


g 


g 




§5 


^ 


' 


02 


to 


I 



g 8 S S 



<rococococcirorocococo 



CO CO CO 



(M M (M C) C<1 C<1 CM <M 



cococococoeococo 



C<ICs|C<lC<)Cvl(MCM<M 



CO CO CO 



CX) 00 00 00 



CSl C<I (M <M 



(M (N Csl C^) 



03 C3 05 05 



oq CO r^ o; 



r-l (M " 



jii Ml J UJ i Ui inii j J MM 

» i s 1 1 g ^ s 1 1 1 g i 1 g 1 1 1 1 1 1 i : i i 


1 d i 1 



^ ^ W 



Corp. 2 3 



34 



]Sr. C. CORPORATION COMMISSION, 





























CO 


o 


-* 


o 


iC 


lO 


lO 


(M 


<v 
























OO 


lO 


CO 


^- 


o 


lO 


00 


00 


r'r. ^ 
























C5 


CO 


oJ 


co 


CO 


CO 


CO 


lO 


cO'-3 ■ 
























^ 






OO 


00 


lO 






























TtH_ 


CO 


I>- 


"I 


CO 


t- 


CO 


"—1 
























co" 


o 


lO 


^ 


l>r 


CO 


lO 


^ 


























lO 


CO 


OO 


05 






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a. 
























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r- 


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t— 




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ASSESSMEN^T OF RAILROAD PROPERTY. 



35 



CO CC CO lO 



I 



s s 



T^ W r-l 



(MMCaCOMC^C^fM 



CO OO 00 00 



OOOOOOOOOOOOOOOCOOQO 



<yi <^ Oi <ji 



■* 00 t^ 

t>- d> d 

^ (M '-^ 



02 O O 



^ o 



O Ph >-:i O P^ 



36 



I^. C. COEPOEATIO?^ COMMISSION. 



oJ 










g 


8 


8 


8 


8 












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1 :3 










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ASSESSMENT OF RAILROAD PROPERTY. 



37 



rt lO -H 



<M C<I '^ 



CO Oi Oi Oi 



l^ ^ C<l 



lO lO 00 lO 



I-- ^ CO 



O —< --H 






cvi ?M CM (^^ 



0C0OC/DCX>GOCX)0O00000O00OO00O0CX)OO0O00 













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fin P-i M O 






O ffi 






38 



N. C. CORPORATION COMMISSION. 







o 


iC 


CO 












lO 


lO 


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CM 












<v 




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00 












lO 


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45 



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50 



N. C. COEPOItATION COMMISSION. 













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ASSESSMENT OF RAILEOAD PROPERTY. 



61 



CVl ^ ^ Csl 

CSI C^^ C^ CO 



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52 



N. C. CORPOEATION" COMMISSION". 



THE PULLMAN COMPANY. 

STATEMENT M. 

Total valuation I 219,425.00 

Apportioned to Counties as follows: 



County. 


County-seat. 


Atlantic 
Coast 
Line. 


Seaboard 

Air 

Line. 


Southern 
Railway. 


County 
Total. 


Alamance 


Graham 

Wadesboro 


$ 


$ 

4,961.87 


$ 3,138.32 


S 3 138 32 


Anson 


4 961 87 


Bertie 


Windsor 

Asheville 


2,389.05 




2 389 05 


Buncombe 




8,276.65 
5,463.05 
3,158.54 
3,965.30 
4,206.05 


8,276 65 


Burke 


Morganton 






5,463 05 


Cabarrus 


Concord. 






3,158 54 


Caswell _ . 


Yancey ville .. 






3,965.30 


Catawba. _ _ . 


Newton 






4,206.05 


Chatham . .__ 


Pittsboro . _. 




1,346.85 


1,346.85 


Cleveland 


Shelby 




1,612.43 


1 612 43 


Cumberland 


Fayetteville 

Lexington 


5,880.74 




5 880 74 


Davidson 




4,562.57 


4 562 57 


Duplin 


Kenansville 

Durham 


6,248.28 




6,248 28 


Durham 




2,985.80 


2,985 80 




Tarboro 

Louisburg _. 


4,778.10 




4,778.10 


Franklin ._ _ 


2,389.05 




2,389.05 


Gaston . 


Dallas 




4,231.78 


4,231.78 


Gates, _ _ - . -_ . 


Gatesville 

Oxford 


2,756.59 




2,756.59 


Granville 




405.05 

8,728.70 


405 05 


Guilford 


Greensboro 






8,728 70 


Hahfax 


Hahfax 


6,432.06 
1,286.41 


3,675.46 


10,107 52 


Harnett 


Lillington 




1,286.41 






3,967.14 


3,967.14 


Hertford.. . ... 


Winton. . . 


2,756.59 




2,756.59 


Iredell... 


Statesville ... . 




3,700.67 


3,700.67 


Johnston . _. 


Smithfield 

Sanford 


5,696.96 




5,696.96 


Lee 


4,097.20 




4,097 20 


Madison 


Marshall 




5,224.15 
5,929.84 
6,400.30 


5,224.15 


McDowell 


Marion 






5,929.84 


Mecklenburg 


Charlotte 




2,572.82 
4,479.71 


8,973.12 


Moore _ . . 


Carthage ... .. 




4,479.71 


Nash . 


Nashville 

Wilmington 

Jackson 


2,021.50 
1,653.96 
1,286.41 




2,021.50 


New Hanover 






1,653.96 


Northampton 


2,940.37 




4,226.78 



ASSESSMENT OF PULLMAIN^ COMPANY. 



53 



STATEMENT M— Continued. 



County. 


County-seat. 


Atlantic 
Coast 
Line. 


Seaboard 

Air 

Line. 


Southern 
Railway. 


County 
Total. 


Orange 


Hillsboro 

Burgaw 


S 

4,594.32 


$ 


S 3,178.76 


$ 3,178.76 


Pender 


4,594.32 






956.37 

1,842.73 

111.01 


956.37 


Polk 


Columbus 






1,842.73 


Randolph 


Ashboro 






111.01 


Richmond 


Rockingham 




7,350.92 


7,350.92 




Lumberton 

Wentworth 


6,432.06 




6,432.06 


Rockingham 




3,983.68 
7,010.42 


3,983.68 


Rowan 


Salisbury 






7,010.42 


Union 


Monroe 




6,064.51 
5,145.64 
7,350.92 
5,696.96 


6,064 51 


Vance 


Henderson 






5,145 64 


Wake 


Raleigh 




2,890.23 


10,241.15 


Warren 


Warrenton 




5,696 96 


Wayne 


Goldsboro 

Wilson 


5,513.19 
5,696.96 




5,513 19 


Wilson 






5,696 96 












Total 


65,423.18 


58,072.28 


95,929.54 


219,425 00 









54 



N. C. CORPOEATION COMMISSION. 



SOUTHERN EXPRESS COMPANY. 



STATEMENT N. 



Total valuation 

Less local assessment. 



Value per mile.-. 
Number of miles. 



-$ 419,099.00 

45,956.00 

% 373,143.00 

95.17 

3,920,78 



Apportioned to Counties as follows: 



Counties. 



Mileage. 



Valuation 
per Mile. 



Value. 



Alamance 

Alexander-.. 

Anson 

Beaufort 

Bertie 

Bladen 

Brunswick.. 
Buncombe. - 

Burke 

Cabarrus 

Caldwell 

Camden 

Carteret 

Caswell 

Catawba 

Chatham 

Cherokee 

Chowan 

Cleveland 

Columbus 

Craven 

Cumberland. 

Currituck 

Davidson 

Davie 

Duplin 

Durham 

Edgecombe. 

For.'^yth 

Franklin 

Gaston 



95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 



I 1,622.67 
871.78 
3,844.89 
5,169.65 
4,062.84 
3,121.60 
3,363.33 
5,502.75 
3,034.05 
2,379.25 
1,123.99 
475.88 
1,713.09 
2,136.59 
4,435.89 
4,021.88 
3,526.07 
2,731.40 
4,955.52 
8,066.63 
8,277.91 
10,278.40 
1,360.95 
2,360.24 
1,178.22 
3,517.50 
6,086.14 
6,530.59 
7,153.95 
2,379.27 
5,687.39 



ASSESSMENT OF SOUTHERN EXPEESS COMPANY. 



55 



STATEMENT N— Continued. 



Counties. 



Mileage. 



Valuation 
per Mile. 



Value. 



Gates 

Granville 

Greene 

Guilford 

Halifax 

Harnett 

Haywood 

Henderson 

Hertford 

Iredell 

Jackson 

Johnston 

Jones 

Lee 

Lenoir 

Lincoln 

Macon 

Madison 

Martin 

McDowell 

Mecklenburg- 

Mitchell 

Montgomery, 

Moore 

Nash 

New Hanover 
Northampton. 

Onslow 

Orange 

Pamlico 

Pasquotank. _ 

Pender 

Perquimans. _ 

Person 

Pitt 

Polk 

Randolph 

Richmond 

Robeson 



35.40 

71.00 

8.20 

108.00 
82.35 
70.02 
21.57 
33.06 
16.53 
59.91 
22.89 
56.60 
16.26 
37.96 
28.07 
29.86 
14.00 
28.30 
47.00 
45.54 
80.10 
39.32 
44.25 
65.03 
41.06 
22.01 
51.58 
36.31 
27.67 
11.00 
22.79 
62.83 
25.36 
27.39 
92.09 
10.00 
68.33 
47.20 

140.98 



95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 



$ 3,369.04 

6,757.10 

780.41 

10,278.40 
7,837.27 
6,663.82 
2,052.84 
3,146.34 
1,573.18 
5,701.67 
2,178.46 
5,386.64 
1,547.49 
3,612.65 
2,671.46 
2,841,80 
1,332.40 
2,093.34 
4,473.02 
4,334.07 
7,623.14 
3,742.11 
4,211.30 
6,188.96 
3,907.71 
2,094.72 
4,908.90 
3,455.65 
2,633.38 
1,046.90 
2,168.95 
5,979.56 
2,413.54 
2,606.74 
8,764.24 
951.73 
6,502.97 
4,492.05 

13,417.10 



56 



]Sr. C. COE-POEATIOuS" COMMISSION. 



STATEMENT N— Continued. 



Counties. 



Mileage. 



Valuation 
per Mile. 



Value. 



Rockingham. 

Rowan 

Rutherford.- 

Sampson 

Scotland 

Stanly 

Stokes 

Surry 

Swain 

Transylvania 

Tyrrell 

Union 

Vance 

Wake 

Warren 

Washington. 

Wayne 

Wilkes 

Wilson 

Yancey 

Total. 



59.36 
66.78 
47.50 
49.35 
32.32 
29.19 
38.67 
47.55 
44.00 
28.10 

7.00 
38.80 
42.00 
146.96 
31.21 
63.87 
52.99 
18.11 
52.75 

5.36 



95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 
95.17 



$ 5,649.32 
6,355.48 
4,520.68 
4,696.67 
3,075.91 
2,778.04 
3,680.25 
4,525.39 
4,187.51 
2,674.31 

666.22 
3,692.63 
3,997.17 
13,986.21 
2,970.28 
6,078.54 
5,043.11 
1,723.56 
5,020.27 

510.15 



3,920.78 



373,143.00 



ASSESSMENT OF TELEGRAPH PROPERTY. 



57 



ATLANTIC POSTAL TELEGRAPH-CABLE COMPANY. 

STATEMENT 0. 

Total valuation $ 82,902 . 00 

Apportioned to Counties as follows: 



County, 



Miles of 
Poles. 



Miles of 
Wire. 



Value of 
Poles. 



Value of 
Wire. 



Value of 

Other 
Property. 



Alamance 

Beaufort 

Bladen 

Brunswick 

Cabarrus 

Caswell 

Cleveland 

Columbus 

Craven 

Cumberland 

Davidson 

Durham 

Forsyth 

Frankli n 

Gaston 

Greene 

Guilford 

Halifax 

Harnett 

Johnston 

Mecklenburg 

Nash 

New Hanover 

Northampton 

Orange 

Pitt 

Richmond 

Robeson 

Rockingham 

Rowan 

Scotland 

Vance 

Wake 

Warren 

Wilson 

Total 

Cape Fear River, 85 mile. 



17.20 

16.00 

47.60 

13.90 

11.95 

7.40 

8.33 

8.50 

22.00 

45.03 

24.60 

20.00 

14.09 

12.90 

23.00 

9.00 

65.45 

11.00 

21.00 

6.50 

23.13 

14.50 

2.00 

5.20 

17.20 

30.00 

1.50 

18.04 

21.20 

29.00 

19.55 

21.55 

70.55 

24.45 

21.00 



724.32 



34.40 

40.00 

95.20 

27.80 

83.65 

51.80 

58.31 

17.00 

44.00 

242.64 

172.20 

40.00 

42.27 

124.15 

184.00 

18.00 

317.85 

110.00 

189.00 

20.00 

178.65 

29.00 

4.00 

52.00 

34.40 

60.00 

11.00 

138.32 

148.40 

203.00 

156.40 

215.50 

415.38 

244.50 

42.00 



3,844.82 



$ 567.60 
528.00 

1,570.80 
458.70 
394.36 
244.20 
274.89 
280.50 
726.00 

1,485.99 
811.80. 
660.00 
464.97 
425.70 
759.00 
297.00 

2,159.49 
363.00 
693.00 
214.50 
763.29 
478.50 
66.00 
171.60 
567.60 
990.00 
49.50 
595.32 
699.60 
957.00 
645.15 
711.15 

2,328.15 
806.85 
693.00 



$ 516.00 

600.00 

1,428.00 

417.00 

1,254.75 

777.00 

874.65 

255.00 

660.00 

3,639.60 

2,583.00 

600.00 

634.05 

1,862.25 

2,760.00 

270.00 

4,767.75 

1,650.00 

2,835.00 

300.00 

2,679.75 

435.00 

60.00 

780.00 

516.00 

900.00 

165.00 

2,074.80 

2,226.00 

3,045.00 

2,346.00 

3,232.50 

6,230.70 

3,667.50 

630.00 



$ 15.00 
30.00 
20.00 



25.00 



30.00 
75.00 



25.00 
25.00 
15.00 
20.00 



95.00 
20.00 



175.00 



150.00 



30.00 
20.00 



15.00 
25.00 



20.00 
125.00 
15.00 
30.00 



23,902.20 



57,672. 



1,000.00 



58 



]Sr. C. CORPORATION^ COMMISSION. 



STATEMENT 0— Concluded. 
Apportioned to Towns as follows: 



Town. 



Miles of 
Poles. 



Miles of 
Wire. 



Value of 
Poles. 



Value of 
Wire. 



Value of 

Otlier 
Property. 



Total 
Value. 



Burlington 

Charlotte 

Concord 

Durham 

Elizabethtown. 
Elon College- _- 

Fayetteville 

Franklinton... 

Gastonia 

Gibson 

Greensboro 

Greenville 

Henderson 

High Point 

Littleton 

Lexington 

New Bern 

Raleigh 

Reidsville 

Salisbury 

Thomasville--- 

Washington 

Warrenton 

Wilmington 

Wilson 

Winston-Salem 
Wake Forest-- 



2.00 

3.00 

1.20 

1.35 

.50 

.80 

3.00 

1.83 

3.1G 

.50 

4.00 

.25 

2.00 

1.50 

1.00 

1.00 

.25 

2.50 

1.00 

2.00 

.75 

.25 

1.50 

1.25 

.25 

.75 

1.00 



4.00 

21.00 

8.40 

2.70 

1.00 

1.60 

19.00 

13.56 

22.12 

1.00 

22.00 

1.00 

20.00 

10.50 

10.00 

7.00 

1.00 

26.50 

7.00 

14.00 

5.25 

2.00 

15.00 

2.50 

1.00 

2.25 

10.00 



60.00 

90.00 

36.00 

40.50 

15.00 

26.40 

90.00 

227.60 

104.28 

15.00 

120.00 

7.50 
60.00 
45.00 
30.00 
30.00 

7.50 
75.00 
30.00 
60.00 
22.50 

7.50 
45.00 
37.50 

7.50 
22.50 
30.00 



60.00 

315.00 

126.00 

40.50 

15.00 

24.00 

265.00 

203.40 

331.80 

15.00 

330.00 

12.00 

300.00 

157.50 

150.00 

90.00 

12.00 

.397.50 

105.00 

210.00 

78.75 

24.00 

185.00 

37.50 

12.00 

28.75 

150.00 



15.00 
175.00 
25.00 
25.00 
20.00 



75.00 


15.00 


20.00 


20.00 


75.00 


40.00 


20.00 


20.00 


20.00 


15.00 


40.00 


259.00 


15.00 


25.00 


15.00 


40.00 


15.00 


150.00 


40.00 


25.00 



135.00 
580.00 
187.00 
106.00 

50.00 

50.40 
430.00 
446.00 
456.08 

50.00 
525.00 

59.50 
380.00 
222.50 
200.00 
135.00 

59.50 
722.50 
150.00 
295.00 
116.25 

71.50 
245.00 
225.00 

59.50 

76.25 
180.00 



ASSESSMENT OF TELEGEAPH PROPERTY. 



59 



WESTERN UNION TELEGRAPH COMPANY. 

STATEMENT Oa. 

To t al V alu e $ 834 , 572 . 00 

Tangible value '- 585,530.00 



Franchise or intangible value $ 249,042.00 



3,610 miles of poles, @ $100 per mile $ 361,000.00 

22,453 miles of wire, @ $10 per mile 224,530.00 

Franchise value 249 ,042.00 



$ 834,572.00 



Value per mile of wire — franchise value 

Apportioned to Counties as follows: 



11.09 



County. 


Miles of 
Poles. 


Miles of 
Wire. 


Tangible 
Value. 


Franchise 
Value. 


Total 
Value. 




19.00 

7.00 
69.25 

6.00 
18.00 
33.00 
25.00 
63.83 
32.00 
24.00 
14.00 

5.00 
16.50 
13.20 
29.00 
32.01 
37.07 

4.00 
66.25 
12.54 
61.75 
108.00 
14.00 
48.00 
19.00 
39.00 
50.45 
78.57 


119.23 

7.00 

396.94 

70.00 
109.18 
165.00 
181.38 
296.35 
154.00 
466.32 

28.00 

10.00 

48.50 
268.30 
160.00 
199.78 

87.07 
8.00 
257.05 
531.99 
218.20 
397.14 

28.00 
960.34 

38.00 
383.08 
186.77 
789.86 


$ 3,092.30 
770.00 

10,894.40 
1,300.00 
2,891.80 
4,950.00 
4,313.80 
9,346.50 
4,740.00 
7,063.20 
1,680.00 
600.00 
2,135.00 
4,003.00 
4,500.00 
5,198.80 
4,577.70 
480.00 
9,195.50 
6,573.90 
8,357.00 

14,771.40 
1,680.00 

14,403.40 
2,280.00 
7,730.80 
6,912.70 

15,755.60 


$ 1,322.66 

78.03 

4 , 402 . 46 

776.70 
1,211.20 
1,830.25 
2,011.90 
3,286.91 
1,708.26 
5,171.88 

310.92 

111.30 

538.26 
2,975.94 
1,774.80 
2,215.73 

966.00 
89.12 
2,851.08 
5,900.16 
2,420.23 
4,404.68 

310.92 
10,651.37 

421.82 
4,248.75 
2,071.67 
8.759.94 


$ 4,414.96 


Alexander. _ .. _ 


848.03 




15,296.86 


Beaufort _ . 


2,076.70 


Bertie . . - - 


4,103.00 


Bladen . . 


6,780.25 




6,325.70 




12,633.41 


Burke 


6,448.26 




12,235.08 


Caldwell 


1,990.92 


Camden _. 


711.30 


Carteret ___...._ . .__ 


2,673.26 


Caswell _ 


6,978.94 


Catawba. .. j 


6,274.80 


Chatham .. . 


7,414.53 


Cherokee . _ _ _ _ 


5,543.70 


Chowan .... 


569.12 


Cleveland . _ _ 


12,046.58 


Columbus 


12,474.06 


Craven 


10 777 23 


Cumberland 


19 176 08 


Currituck 


1 990 92 


Davidson 


25 054 77 


Davie 


2 701 82 


Duplin _ . _ 


11 979 55 


Durham . 


8 984 37 


Edgecombe 


24.515.54 



60 



N. C. COBPOKATION COMMISSION. 



STATEMENT Oa— Continued. 



County. 


Miles of 
Poles. 


Miles of 
Wire. 


Tangible 
Value. 


Franchise 
Value. 


Total 

Value. 


Forsyth _ - - - - - 


71.84 
24.00 
68.00 
15.00 
64.15 
10.30 

111.75 
73.25 
37.50 
21.00 
23.40 
14.00 
59.00 
23.00 
58.00 
15.50 
66.03 
29.50 
18.17 
2.00 
28.00 
52.00 
47.10 

127.05 
5.00 
22.00 
64.56 
19.00 
49.40 
77.40 
36.00 
28.50 
6.50 
13.00 
60.00 
16.00 
29.00 
69.30 
10.00 


176.68 
216.00 
475.85 
119.68 
120.54 

10.30 

1,534.38 

675.55 

91.12 

42.00 
159.60 
112.92 
162.50 

46.00 
484.44 

22.50 
505.42 

77.26 

50.52 

4.00 

142.07 

173.02 

200.10 

1,128.51 

5.00 

22.00 
332.00 

46.56 
212.03 
471.90 

36.00 

125.00 

6.50 

26.00 
334.20 

32.00 

78.00 
172.21 

60.00 


$ 8,950.80 
4,560.00 

11,558.50 
2,696.80 
7,620.40 
1,133.00 

26,518.80 

14,080.50 
4,661.20 
2,520.00 
3,936.00 
2,529.20 
7,525.00 
2,760.00 

10,644.40 
1,775.00 

11,657.20 
3,722.60 
2,322.20 
240.00 
4,220.70 
6,930.20 
6,711.00 

23,990.10 
559.00 
2,420.00 
9,776.00 
2,365.60 
7,060.30 

12,459.00 
3,960.00 
4,100.00 
715.00 
1,560.00 
9,342.00 
1,920.00 
3,680.00 
8,652.10 
1,600.00 


$ 1,959.78 
2,395.84 
5,277.57 
1,327.65 
1,337.18 

114.62 
17,017.47 
7,492.24 
1,010.92 

466.18 
1,770.36 
1.252.68 
1,802.52 

510.54 
5,372.83 

249.92 
5,605.61 

857.22 

560.66 

44.76 

1,575.95 

1,919.19 

2,219.50 

12,515.57 

55.85 

244.38 
3,682.00 

516.77 
2,351.81 
5,233.77 

399.64 

1,386.65 

72.48 

288.74 
3,706.67 

,355.28 

865.42 
1,910.20 

665.80 


$ 10,910.58 




6,955.84 




16,836.07 


Gates 


4,024.45 


Granville 


8,957.58 


Greene 


1,247.62 


Guilford - - - - 


43,536.27 


Halifax _- -- - - 


21,572.74 


Harnett - 


5,672.12 


Haywood 


2,986.18 


Henderson 


5,706.36 


Hertford 


3,781.88 


Iredell - ._. . _ 


9,327.52 


Jackson 


3,270.54 




16,017.23 




2,024.92 




17,262.81 




4,579.82 




2,882.86 




284.76 


Madison 


5,796.65 


Martin 


8,849.39 


McDowell 


8,930.50 




36,505.67 


Mitchell -- -- - _ - _- 


605.85 




2,664.38 




13,458.00 


Nash -._--- -_ 


2,882.37 




9,412.11 


Northampton 


17,692.77 


Onslow 


4,359.64 


Orange 


5,486.65 


Pamlico 


787.48 




1,848.74 




13,048.67 




2,275.28 




4,545.42 


Pitt 


10,562.30 


Polk 


2.265.80 



ASSESSMENT OF TELEGRAPH PKOPEETY. 



61 



STATEMENT Oa— Continued. 



County 

Randolph 

Richmond 

Robeson 

Rockingham 

Rowan 

Rutherford 

Sampson 

Scotland 

Stanly 

Stokes 

Surry 

Swain 

Tyrrell 

Union 

Vance 

Wake 

Warren 

Washington 

Wayne 

W^ilkes 

Wilson 

Total ... 



Miles of 
Poles. 



Miles of 
Wire. 



Tangible 
Value. 



Franchise 
Value. 



Total 

Value. 



56.50 
68.50 
92.00 
83.70 
99.55 
60.30 
48.00 
32.00 
23.00 
37.00 
49.75 
39.00 
7.00 
68.60 
34.00 
142.08 
32.00 
19.00 
56.00 
18.00 
33.40 



109.90 

605.56 

481.88 

891.65 

1,114.22 

113.40 

96.00 

134.00 

35.00 

85.00 

68.00 

78.00 

7.00 

423.40 

408.82 

1,269.26 

364.00 

41.00 

425.32 

18.00 

427.75 



$ 6,749.00 

12,905.60 

14,018.80 

17,286.50 

21,097.20 

7,164.00 

5,760.00 

4,540.00 

2,650.00 

4,550.00 

5,655.00 

4,680.00 

770.00 

11,094.00 

7,488.20 

26,900.60 

6,840.00 

2,310.00 

9,853.20 

1,980.00 

7,617.50 



$ 1,219.19 

6,716.06 

5,344.44 

9,888.79 

12,358.09 

1,258.00 

1,065.04 

1,486.46 

388.55 

943.05 

754.52 

865.42 

78.03 

4,695.90 

4,534.21 

14,077.49 

4,037.16 

455.09 

4,717.19 

200.02 

4,744.14 



$ 7,968.19 

19,621.66 

19,363.24 

27,175.29 

33,455.29 

8,422.00 

6,825.04 

6,026.46 

3,038.55 

5,493.05 

6,409.52 

5,545.42 

848.03 

15,789.90 

12,022.41 

40,978.09 

10,877.16 

2,765.09 

14,570.39 

2,180.02 

12,361.64 



3,610.00 



22,453.00 



585,530.00 



249,042.00 



834,572.00 



Apportioned to Towns as follows: 



Town. 


Miles of 
Poles. 


Miles of 
Wire. 


Tangible 
Value. 


Franchise 
Value. 


Total 

Value. 


Aberdeen 


2.00 

.37 

.80 

1.80 

1.07 

2.72 

.30 

.53 

.22 

.50 

5.00 

.27 


8.00 
1.85 

.80 

6.30 

1.07 

31.78 

.30 
7.42 

.22 

3.00 

45.00 

1.89 


$ 280.00 

55.50 

88.00 

243.00 

117.70 

589.80 

33.00 

127.20 

24.20 

80.00 

950.00 

45.90 


$ 89.68 

20.74 

8.97 

70.62 

11.09 

356.26 

3.36 

83.18 

2.44 

33.63 

504.45 

21.19 


$ 369 68 


Ahoskie 


' 76 24 


Albemarle 


96 97 


Apex 


313 62 


Ashboro_ 


129 69 


Asheville 


946 06 


Ayden 


36 36 


Battleboro 


210 38 


Bayboro 


26 64 


Benson . 


113 63 


Bessemer City 


1,454.45 


Bethel 


67.09 



62 



C. COEPOEATION COMMISSION. 



STATEMENT Oa— Continued. 



Town. 



Miles of 
Poles. 



Miles of 

Wire. 



Tangible 
Value. 



Franchise 
Value. 



Total 

Value. 



Black Creek 

Bryson City 

Burgaw 

Burlington 

Cameron 

Canton 

Cary 

Chadbourn 

Charlotte 

Cherry ville 

China Grove 

Claremont 

Clarkton 

Clinton 

Clayton 

Concord 

Conetoe 

Conover 

Cleveland 

Clyde 

Creswell 

Davidson College. 

Dallas 

Dillsboro 

Dunn 

Durham 

Earles 

Elkin 

Elk Park 

EUenboro 

Elm City 

Enfield 

Everetts 

Faison 

Fair Bluff 

Fayetteville 

Forest City 

Four Oaks 

Franklinton 



.53 

.80 

.33 

2.00 

1.86 

.57 

3.52 

2.34 

3.30 

1.16 

2.06 

1.00 

1.33 

.33 

1.13 

3.40 

.63 

1.00 

1.33 

.73 

.28 

1.83 

.76 

.67 

1.00 

1.43 

1.00 

.93 

1.20 

1.51 

1.23 

1.36 

.80 

.67 

.84 

4.76 

.83 

.57 

1.40 



5.30 

.80 

3.30 

11.86 

7.44 

.57 

27.64 

9.03 

76.74 

1.16 

37.18 

4.00 

3.99 

.33 

9.04 

21.91 

1.26 

5.00 

5.32 

.73 

.28 

1.83 

.76 

.67 

6.00 

'7.31 

1.00 

.93 

1.20 

1.51 

19.68 

19.04 

.80 

6.70 

5.04 

24.90 

.83 

3.42 

4.20 



106.00 

88.00 

66.00 

318.60 

260.40 

62.70 

628.40 

324.30 

1,097.40 

127.60 

577.80 

140.00 

172.90 

36.30 

203.40 

559.10 

75.60 

150.00 

186.20 

80.30 

30.80 

201.30 

83.60 

73.70 

160.00 

216.10 

110.00 

102.30 

132.00 

166.10 

319.80 

326.40 

88.00 

134.00 

134.40 

725.00 

91.30 

91.20 

182.00 



59.41 

8.97 

36.99 

132.95 

83.40 

6.39 

309.84 

101.23 

860.26 

13.00 

416.79 

44.84 

44.73 

3.70 

101.34 

245.61 

14.12 

56.05 

59.54 

8.18 

3.11 

20.51 

8.52 

751.00 

67.26 

81.94 

11.21 

10.42 

13.45 

16.93 

220.61 

213.44 

8.97 

75.11 

56.50 

279.13 

9.30 

38.34 

47.08 



165.41 

96.97 

102.99 

451.55 

343.80 

69.09 

938.24 

425.53 

1,957.66 

140.60 

994.59 

184.84 

217.63 

40.00 

304.74 

804.71 

89.72 

206.05 

245.84 

88.48 

33.91 

221.81 

92.12 

81,21 

227.26 

298.04 

121.21 

112.73 

145.45 

183.03 

540.41 

539.84 

96.97 

209.11 

190.90 

1,004.13 

100.60 

129.54 

229.08 



ASSESSMENT OE TELEGRAPH PROPERTY. 



6.3 



STATEMENT Oa— Continued. 



Town. 


Miles of 
Poles. 


Miles of 
Wire. 


Tangible 
Value. 


Franchise 
Value. 


Total 
Value. 


Fremont 


.63 

6.27 

1.19 

1.00 

8.47 

.50 

.73 

1.37 

7.77 

3.64 

2.07 

2.17 

3.00 

.17 

1.00 

1.16 

.90 

.80 

.43 

.71 

1.47 

.57 

1.00 

1.13 

3.52 

1.67 

.86 

2.06 

.73 

1.50 

.57 

1.13 

1.17 

2.00 

2.34 

1.50 

2.00 

.73 

.57 


6.30 

53.87 

17.35 

2.40 

114.01 

1.50 

1.46 

12.24 

10.77 

15.34 

9.07 

10.85 

44.40 

1.02 

6.00 

9.28 

.90 

3.20 

1.29 

.71 

2.94 

3.99 

4.50 

4.52 

31.78 

7.76 

3.01 

7.18 

1.46 

6.00 

.57 

19.74 

2.34 

8.00 

9.36 

2.85 

21.00 

5.11 

1.71 


$ 126.00 

1,165.70 

292.50 

124.00 

1,988.10 

65.00 

87.60 
259.40 
184.70 
517.40 
297.70 
325.50 
744.00 

27.20 
160.00 
208.80 

99.00 
112.00 

55.90 

78.10 
176.40 

96.90 
145.00 
158.20 
669.80 
244.60 
116.10 
277.80 

87.60 
210.00 

62.70 
310.40 
140.40 
280.00 
327.60 
178.50 
410.00 
124.10 

74.10 


$ 70.62 

603.88 

194.49 

26.90 

1,278.05 

16.82 

16.37 

137.21 

127.03 

171.96 

101.67 

121.63 

497.73 

11.43 

67.26 

104.03 

10.09 

35.87 

14.46 

7.96 

32.96 

44.73 

50.44 

50.67 

356.25 

86.99 

33.74 

80.49 

16.37 

67.26 

6.39 

221.28 

26.23 

89.68 

104.92 

31.95 

235.41 

57.28 

19.17 


$ 196 62 


Gastonia 


1,769.58 


Goldsboro 


486 99 


Godwin 


150.90 


Greensboro 


3,266 15 


Greenville 

Grifton 


81.82 
103 97 


Grover 


396 61 


Halifax 


305 43 


Henderson 


689 36 


Hendersonville 


399 37 


Hickory 


447 13 


High Point 


1,241 73 


Hill.sboro 


38 63 


Hobgood 


227 26 


Hope Mills 


312 83 


Huntersville 


109 09 


Hot Springs 


147 87 


Jamesville 


70 36 


Jacksonville 


86 06 


Jonesboro 


209 36 


Kenly 


141 63 


Kelford 


195.44 


Kernersville 


208 87 


Kings Mountain _ . 


1,026.05 


Kinston 


331 59 


Kittrell 


149 84 


Keyser 


358 29 


La Grange 


103 97 


Laurinburg 


277 26 


Lenoir 


69 09 


Lexington 

Liberty 


531.68 
166 63 


Lilesville- 


369 68 


Littleton. _._ 


432 52 


Lincolnton 


210 45 


Lowell 


645 41 


Lucama 


181 38 


Lumberton 


93.27 



64 



N. C. COEPOEATIOIS' COMMISSION. 



STATEMENT Oa— Continued. 



Town. 


Miles of 
Poles. 


Miles of 

Wire. 


Tangible 
Value. 


Franchise 

Value. 


Total 
Value. 




1.74 

1.57 

.96 

1.00 

2.00 

1.00 

1.10 

1.07 

.73 

1.10 

.13 

.50 

2.13 

2.26 

1.70 

.92 

1.00 

.40 

1.00 

1.43 

.53 

.83 

2.00 

.67 

3.09 

.67 

.70 

2.30 

1.00 

.10 

.70 

.51 

1.16 

.43 

.83 

.90 

.90 

2.03 

2.00 


6.96 

3.14 

1.92 

1.00 

8.00 

10.00 

4.40 

4.28 

3.65 

6.34 

.26 

.50 

2.13 

9.06 

1.70 

3.17 

1.00 

3.20 

1.00 

5.72 

5.30 

.83 

7.00 

.67 

9.06 

.67 

1.40 

5.72 

1.00 

.10 

2.80 

.51 

3.96 

, 2.58 

8.30 

4.50 

.90 

21.33 

8.00 


$ 243.60 

188.40 

115.20 

110.00 

280.00 

200.00 

154.00 

149.80 

109.50 

173.40 

15.60 

55.00 

234.30 

316.60 

187.00 

123.70 

110.00 

72.00 

110.00 

200.20 

106.00 

91.30 

270.00 

73.70 

399.60 

73.70 

84.00 

287.20 

110.10 

11.00 

98.00 

56.10 

155.60 

68.80 

166.00 

135.00 

99.00 

416.30 

280.00 


$ 78.02 

35.20 

21.52 

11.21 

89.68 

112.10 

49.32 

47.98 

40.92 

71.07 

2.91 

5.60 

23.88 

101.56 

19.06 

35.54 

11.21 

35.87 

11.21 

64.12 

59.41 

9.30 

78.47 

7.51 

101.57 

7.51 

15.69 

64.12 

11.21 

1.12 

31.38 

5.65 

44.39 

28.92 

93.04 

50.45 

10.09 

239.11 

89.68 


$ 321 62 


Madison . 


223.60 


McFarland 

Maiden 


136.72 
121 21 


Manly 


369 68 


Magnolia 


312.10 
203 32 




197.78 




150.42 


Maxton 


244.47 


Milton - - - 


18.51 


Mocksville 


60 60 


Morehead City 


258 18 


Monroe 


418 16 


Mooresville 


206.06 


Mt Airy 


159.24 


Mt Holly 


121.21 




107.87 




121.21 




264.32 


Mt. Olive - -- -- - 


165.41 




100.60 


Matthews 


348 47 


Nashville- 


81.21 


New Bern 


501 17 


New London 


81.21 


Newport - - _ 


99.69 


Newton 


351.32 


North Wilkesboro . _ 


121.21 




12.12 


Old Fort _ - 


129.38 


Oriental . _ _ 


61.75 


Oxford --- 


199.99 


Parmele 


97.72 


Pikeville 


259.04 


Pine Level 


185.45 




109. OS 




655.41 


Polkton -_. 


369. 6J 



ASSESSMENT OF TELEGRAPH PEOPERTY. 



65 



STATEMENT Oa— Continued. 



Town. 


Miles of 
• Poles. 


Miles of 
Wire. 


Tangible 
Value. 


Franchise 
Value. ■ 


Total 
Value. 


PoUoksville 


.50 

.27 


.50 

.81 


$ 55.00 
35.10 


$ 5.60 
9.08 


S 60.60 


Plymouth- _ 


44.18 


Ramseur __ _ 


.70 

.40 

3.45 

1.00 


1.40 

.40 

36.06 

3.00 


84.00 

44.00 

705.60 

130.00 


15.69 

4.48 

404.23 

33.63 


99.69 


Randleman . 


48.48 


Raleigh 


1,109.83 


Red Springs _ _ 


163.63 


Reidsville_-_ _ . __ _ _ _ 


2.22 

.60 

2.26 


39.59 
.60 

8.54 


617.90 

66.00 

311.40 


443.81 

6.73 

95.73 


1,061.71 


Robersonville 


72.73 


Rockingham __ _ _ _ 


407.13 


Rocky Mount__ _ _ 


1.60 


35.82 


518.20 


401.54 


919.74 


Roseboro _ 


.37 


'.74 


44.40 


8.30 


52.70 


Rose Hill 


1.00 


12.00 


220.00 


134.52 


354.52 


Rowland _ _ __ 


.82 


4.10 


123.00 


45.96 


168.96 


Roxboro _ _ _ 


1.00 
.57 


2.00 
1.71 


120.00 
74.10 


22.42 
19.17 


142 42 


Salem 


93.27 


Salisbury 


3.71 


56.00 


931.00 


627.76 


1,558.76 


Saluda 


1.00 


5.00 


150.00 


56.05 


206.05 


Sanford 


4.66 
1.00 


23.00 
4.00 


696.00 
140.00 


258.83 
44.84 


953 83 


Seaboard 


184.84 


Selma 


2.00 
1.00 

2.78 


13.42 
1.00 

5.27 


334.20 
110.00 
330.70 


150.44 
11.21 
59.08 


484 64 


Scotland Neck 


121 21 


Shelby 


389.78 


Siler City 


1 00 


2 00 


120 00 


22 42 


142 42 


Smithfield 


.30 
2.34 


1.20 
9.36 


42.00 
327.60 


13.45 
104.92 


55 45 


Southern Pines 


432.52 


Spring Hope 


60 


60 


66 00 


6 73 


72 73 


Stanley Creek 


83 


83 


91 30 


9 30 


100 60 


Statesville 


2.04 


8.62 


290.20 


96.63 


386.83 


Stoneville 


.87 


1.74 


104.40 


19.50 


123.90 


Sylva 


.67 


.67 


73.70 


7.51 


81.21 


Tarboro 


1.22 


18.09 


302.90 


302 . 79 


505 . 69 


Taylorsville _ 


37 


37 


40 70 


4 15 


44 85 


Thomasville 


2 17 


36 54 


582 40 


409 61 


992 01 


Trinity. 


80 


80 


88 00 


8 97 


96 97 


Tryon College. 


90 


4 50 


135 00 


50 44 


185 44 


Vaughan __ _. _ _ _ 


1 74 


6 09 


234 90 


68 27 


303 17 


Wadesboro 










562.44 



Corp. 2 5 



6Q 



N^. C. CORPORATION COMMISSION. 



STATEMENT Oa— Continued. 



Town, 



Miles of 
Poles. 



Miles of 
Wire. 



Tangible 
Value. 



Franchise 
Value. 



Total 
Value. 



Wallace 

Warrenton._ 

Warsaw 

Washington- 

Waxhaw 

Waynesville- 
Wake Forest 

Weldon 

Whiteville__. 
Whitakers_-. 
Williamston_ 
Wilmington- 
Wilson 

Windfall.... 
Winston 



.67 

.87 

1.42 

1.00 

.87 

.93 

2.26 

2.10 

1.10 

1.33 

.23 

4.56 

1.01 

.50 

3.89 



6.70 

1.74 

14.60 

3.00 

.87 

.93 

6.78 

21.50 

6.60 

17.52 

.92 

50.28 

19.23 

.50 

9.33 



$ 134.00 
104.40 
288.20 
130.00 

95.70 
102.30 
293.80 
425.00 
176.00 
308.20 

32.20 
958.80 
293.30 

55.00 
482.30 



75.11 

19.50 
163.89 

33.63 
9.75 

10.42 

76.00 
241.02. 

73.99 
196.40 

10.31 

563.64 

215.57 

5.60 

104.59 



209.11 
133.90 
452.09 
163.63 
105.45 
112.72 
369.80 
666.02 
249.99 
504.60 

42.51 

1,512.44 

508.87 

60.60 
586.89 



ASSESSMENT OF REFEIGEEATOR COMPANIES. 



67 



REFRIGERATOR COMPANIES. 



STATEMENT P. 



Name of Company. 



Valuation. 



County. 



Value. 



American Cotton Oil Co. 



American Refrigerator Transit Co. 
Armour Car Lines Co 



Cudahy Milwaukee Refrigerator Lines.. 
Cudahy Packing Co 

Merchants Dispatch Transportation Co. 



National Car Co 

Robert Portner Brewing Co 

Southern Cotton Oil Co 

Street's Western Stable-Car Lines 

Swift Refrigerator Transportation Co.. 



Union Refrigerator Transit Co. of Wisconsin. 
Union Tank Line 



$ 7,334.00 



1,060.00 
25,200.00 



200.00 

200.00 

1,547.00 

540.00 
2,000.00 
8,400.00 

250.00 
2,000.00 

1,205.00 
61,200.00 



Total. 



111,136.00 



Mecklenburg. . 

Wake 

Guilford 

DupUn 

Pender 

Wayne 

Wake 

Wake 

Guilford 

Rockingham.. 

Guilford 

New Hanover. 

Durham 

Wake 

Chatham 

Moore 

Wake 

Guilford 

Wayne 

Johnston 

Wake 

Orange 

Alamance 

Franklin 

Duplin 

Pender 

Columbus 



$ 3,667.00 

3,667.00 

1,060.00 

8,400.00 

8,400.00 

8,400.00 

200.00 

200.00 

773.00 

774.00 

540.00 

2,000.00 

8,400.00 

250.00 

1,000.00 

1,000.00 

1,205.00 

6,120.00 

6,120.00 

6,120.00 

6,120.00 

6,120.00 

6,120.00 

6,120.00 

6,120.00 

6,120.00 

6,120.00 



111,136.00 



68 



N. C. COKPORATIOIS' COMMISSION. 



STEAMBOAT COMPANIES. 

STATEMENT Q. 



Name of Company. 


Valuation. 


County. 


Value. 


Albemarle Steam Navigation Co. 


$15,200.00 


Chowan 


$ 3,800.00 






Gates 


3,800.00 






Hertford 


3,800.00 






Bertie 


3,800.00 


Bennett Ferry Co., The 


3,000.00 


Currituck 


3,000.00 


Carolina Transportation Co. 


3,000.00 




3,000 00 


Diamond Steamboat and Wrecking Co 


10,000.00 


New Hanover 


10.000.00 


Eastern Carolina Transportation Co. 


3,100.00 


Dare . 


1,550.00 






Pasquotank. . . 


1,550.00 


Fairfield and Elizabeth City Transportation Co. 


2,400.00 


Hyde . 


2,400.00 


Independent Steamboat Line _ _ _ 


3,025.00 


Craven. 


3,025.00 


Merchants and Farmers Steamboat Co 


12,500.00 


New Hanover 


4,166.67 






Cumberland 


4,166.67 




7,000 00 


Bladen 


4,166 67 


Old Dominion Steamship Co. 


Dare 


2,000 00 






Craven 


5,000.00 


Roanoke and Tar River Steamboat Co 


12,208.00 


Martin 


12,208.00 


Tar Heel Steamboat Co 


14,000.00 


Bladen.. _ 


14,000.00 


Tar River Oil Co.__ _ 


4,500.00 


Edgecombe - 


4,500.00 


Vanceboro Steamboat Co.. 


1,700.00 
40,000.00 


Craven 


1,700.00 


Wilmington, Southport and Little River Co.__ 


Brunswick 


40,000.00 








Total. .. . . .. 


131,633.00 


131,633.00 









WATERWORKS COMPANIES. 



STATEMENT R. 



Name of Company. 


Valuation. 


County, 


Value. 


Elizabeth City Water and Power Co 


149,400.00 
4,450.00 
7,888.00 


Pasquotank 


$ 49,400.00 


Elizabeth City Sewerage Co 


Pasquotank 

Halifax 


4,450.00 


Roanoke Navigation and Water Power Co. 


7,888.00 








Total 


61,738.00 


61,738.00 









ASSESSMT. STREET EAILWAY^ BRIDGE AND CANAL COMPANIES. 69 



STREET RAILWAY COMPANIES, 



STATEMENT S. 



Name of Company. 


Valuation. 


County. 


Value. 


Asheville Electric Co. 


$331,286.00 

12,050.00 

219,895.00 

154,300.00 

57,590.00 

34,847.00 

35,000.00 

326,700.00 


Buncombe 

Buncombe 

Mecklenburg 

Durham 

Forsyth 


$ 331,286.00 


Asheville Rapid Transit Co. 


12,050.00 


Charlotte Consolidated Construction Co 

Durliam Traction Co 


219,895.00 
154,300.00 


Fries Manufacturing and Power Co. 


57,590.00 


Greensboro Electric Co 


Guilford 


34,847.00 


Raleigh Electric Go 


Wake 

New Hanover 


35,000 00 


Tidewater Power Co. ._ 


326,700.00 






Total 


1,171,668.00 


1,171.668 00 









BRIDGE AND CANAL COMPANIES. 

STATEMENT T. 



Name of Company. 


Valuation. 


County. 


Value. 


Albemarle and Chesapeake Canal Co. _. 


§15,000.00 

7,600.00 

90,000.00 


Currituck . 


$ 15,000.00 


Fairfield Canal and Turnpils;e Co. _ __ 


Hyde 


7,600.00 


Lake Drummond Canal and Water Co. 


Camden. 


90,000.00 








Total. ._ 


112,600.00 


112,600.00 









YO 



CORPOEATION COMMISSION. 



ELECTRIC LIGHT AND GAS COMPANIES. 



STATEMENT U. 



Name of Company. 


Valuation. 


County. 


Value. 


Catawba Power Co. _ 


$14,687.00 
3,600.00 
7,380.00 
5,000.00 
2,500.00 
10,268.00 
58,407.00 

25,000.00 
120,000.00 


Mecklenburg 


$ 14,687.00 


Citizens Light and Power Co 

Elizabeth City Electric Light and Power Co 

Hendersonville Light and Power Co. 


Caldwell 

Pasquotank 

Henderson 

Guilford 


3,600.00 
7,380.00 
5,000 00 


High Point Electric Power Co 


2,500 00 


North Carolina Electrical Power Co. 


Madison 


10,268 00 


Southern Power Co. 


Mecklenburg 

Lincoln 

Gaston 

Cleveland 

Cabarrus- - 


16,465.77 




4,038.76 
16,155.10 
2,485.40 
7,922.20 


Standard Gas and Electric Co 


Rowan 

Iredell 

Catawba 

Wake 

Buncombe 


3,106.75 
5,747.48 
2,485.54 
25,000.00 


W T Weaver Power Co 


120,000.00 








Total 


246,842.00 


246,842.00 









ASSESSMENT OF TELEPHONE AND TELEGEAPH PROPERTY. 



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N. C. CORPOKATION COMMISSION. 



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IS". C. CORPOEATIOTv[ COMMISSION. 



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ASSESSMENT OF TELEPHONE AND TELEGRAPH PROPERTY. 



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ASSESSMENT OF EAILROAD PROPERTY. 



87 



STATEMENT W— List of Counties, with Apportio nment of Valuation to Each for the Year 1908. 



County. 


Name of Road or Otiier Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Alamance 


North Carolina Railroad 

Pullman Co. 


17.05 


$46,822.19 


1798,318.30 
3,138.52 




Union Tank Line 






6,120.00 




Southern Express Co. 






1,622.67 




Western Union Telegraph Co. . _. ._ 






4,414.96 




Mebane-Ridgeville Telephone Co. 






1,311.00 




Southern Bell Telephone and Telegraph Co. 






14,782.00 




American Telephone and Telegraph Co. 






1,112 00 




Atlantic Postal Telegraph-Cable Co. 






1,098.60 




Soutliern Alamance Telephone Co.. 






1 , 400 00 




Total 










833,618.05 


Alexander 


Southern Railway Co 


9.16 


29,1.32.93 


266 857 70 




Southern Express Co. 


871.78 




Western Union Telegraph Co. 






848.03 




Southern Bell Telephone and Telegraph Co.. 
Peoples Telephone Co. 






2,524.00 








2,400.00 




Total _ ._ 










273,501.51 




Atlantic Coast Line Railroad Co 

Southern Express Co. _ _ _ _ 


13.90 


29,192.50 




Anson 


405,775.81 
3,844 89 






Wadesboro Telephone Co. _ . 






5,500 00 




Seaboard Air Line Railway 


27.58 


19,712.67 


543,675 43 




Pullman Co. _ _ 


4,961 87 




Southern Bell Telephone and Telegraph Co... 
Western Union Telegraph Co. 






4,183 00 








15,296 86 




Norwood Electric and Water Co. 






837 00 




Total ... ... . _ 










984,074 86 




Atlantic Postal Telegraph-Cable Co. 








Beaufort _ .._ _ 


1 158 00 




Atlantic Coast Line Railroad Co. 


6.62 


29,192.50 


193 254 41 




Southern Express Co 

Western Union Telegraph Co. 


5,169.65 
2,076 70 




Norfolk and Southern Railway Co 


46.14 


9,952.05 


459 187 55 




Washington and Hyde Telephone Co. . 


3,765 60 




Washington and Aurora Telephone Co. 






1,155 00 




Wilhamston Telephone Co _._ 






312 00 




Carolina Telephone and Telegraph Co. 






6,424.00 




Washington and Vandemere Railroad Co. .. 
Total - _ ... 


33.50 


2,212.50 


74.118.75 




746 621 66 













88 



W. C. CORPOEATION COMMISSION". 



STATEMENT W— Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Bertie 


Atlantic Coast Line Railroad Co. . ._ _ _. 


13.09 


$29,192.50 


$382,129.89 




Pullman Co. _ _ _ 


2,389.05 




Southern Express Co. 






4,062 84 




Western Union Telegraph Co. 






4,103.00 






13.00 
20.00 


1,705.00 
1,835.00 


22,165.00 




Chowan and Aulander Railroad Co 

Chowan and Roanoke Telephone Co. _ 


36,700.00 
1,828.40 




Seaboard Air Line Railway 

North State Telephone Co. 


7.48 


19,712.67 


147,450.77 
1,227.00 




Wellington and Powellsville Railroad Co 


20.00 


2,250.00 


45,000.00 
3,800.00 




Southern Railway Co. — Rolling Stock. 






19,581.00 




Total .- -- 










670,436.95 




Seaboard Air Line Railway 


32.80 


19,712.67 




Bladen 


646,575.58 




Southern Express Co. . 


3,121.60 




Western Union Telegraph Co. 






6,780.25 




Atlantic Postal Telegraph-Cable Co __ 






3,018.80 




Garland-Clinton Telephone Co 






358.00 




Merchants and Farmers Steamboat Co. 






4,166.66 




Tar Heel Steamboat Co 






14,000.00 




Total - 










678,020.89 




Atlantic Coast Line Railroad Co. 


12.88 
12.24 


29,192.50 
19,712.67 




Brunswick 


375,999.46 


Seaboard Air Line Railway 


241,283.08 






3,363.33 




Western Union Telegraph Co.- _ 






6,325.70 




Southern Bell Telephone and Telegraph Co. 

Wilmington, Southport and Little River Co. 

Wilmington and Southport Telephone and 
Telegraph Co 






7,350.00 








40,000.00 








1.250.00 




Atlantic Postal Telesranh-Cable Co. 






875.70 




Total 










676,447.27 




W T Weaver Power Co 








Buncombe 


120,000.00 


Sniifhprn T?ailwa,v Co 


47.52 
10.34 


29,132.93 
5,953.25 


1,384,397.11 




Southern Railway — Carolina Division 

Pnllma.n Co 


61,556.61 
8,276.65 










5,502.75 




Asheville Telephone and Telegraph Co 






116,484.00 



ASSESSMENT OF RAILROAD PROPERTY. 



89 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 




Western Union Telegraph Co.. 




% 


$ 12,633.41 


{Continued. ) 


Southern Bell Telephone and Telegraph Co. 

Asheville and Craggy Mountain Railway 

Madison Telephone Co._ 






1,452.00 




2.26 


4,424.77 


10 000.00 
1,200.00 




Asheville Electric Co _____ 






331,286.00 




American Telephone and Telegraph Co. 






4,779.20 




Bee Tree Railroad- __ _ _ _ __ 


7.75 


2,000.00 


15,500.00 




Asheville Rapid Transit Co. _ _ 


12,050.00 




Leicester Telephone Co __ 






368.00 




North Buncombe Telephone Co. . 






420.00 




Total _ _____ _ - _ 










2,085,905.73 




Southern Railway Co. 


29.70 


29,132.93 




Burke 


865,248 16 




Pullman Co. 


5,403 05 




Southern Express Co. 






3,034 05 




Western Union Telegraph Co. 






6,418 26 




Southern Bell Telephone and Telegraph Co. 

Carohna and Northwestern Railway 

Total 






9,627 00 




2.18 


9,248.74 


20,162.25 




909,982 77 




North Carolina Railroad Co 


17.16 
1.15 


46,822.19 
5,985.37 




Cabarrus 


803 468 78 




Yadkin Railroad 

Pullman Co. ._ 


6,883.10 
3,158.54 




Southern Express Co. . _ _ 






2,379.25 




Western Union Telegraph Co 






12 235 OS 




Concord Telephone Co.. 






3,500.00 




Southern Bell Telephone and Telegraph Co. 
Albemarle Telephone Co. . 






3 791 00 








146.34 




American Telephone and Telegraph Co 






6 837 60 




Atlantic Postal Telegraph-Cable Co 






1 674 10 




Southern Power Co. 






7,922 20 




Total 










851,995 99 




Southern Express Co 








Caldwell 


1 123 99 




Western Union Telegraph Co. 






1,990.92 




Caldwell and Northern Railroad Co 


23.50 


4,088.94 


96 090 00 




Lenoir Electric Co. 


3 500 00 




Carolina and Northwestern Railway Co 

Citizens Light and Power Co. 


14.84 


9,248.74 


137,251.50 
3 600 00 




Total 










243,556 41 













90 



W". C. COEPORATION COMMISSION. 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Camden 






$-_ 


$ 475.88 




Western Union Telegraph Co. 






711.30 




Norfolk and Southern Railway ^ 

Lake Drummond Canal and Water Co. 


5,00 


9,952.05 


49,760.25 
90,000 00 




Norfolk and Carolina Telephone and Tele- 
graph Co. 






3.529.32 




Total 










144,476,75 












Carteret 


1,713.09 




Home Telephone and Telegraph Co. 






1,000.00 


• 


Western Union Teleeraph Co.. 






2,673.26 




Norfolk and Southern Railway 

Norfolk and Southern Railway — Atlantic 


2.82 
15.75 


9,952,05 
12,228.42 


28,064.75 
192,-597.63 




Beaufort Telephone Co. .. _ 


2.500.00 




Morehead City Telephone Co. 






800.00 




Carteret-Craven Telephone Co 






203.00 




- Total 










229,551.73 




Southern Railway Co. 


6.95 
14.60 


29,132.93 
10,000.00 




Caswell 


202,473.95 




Atlantic and Danville Railway _ _ 


146,000.00 




Pullman Co. 


3,965.30 




Southern Express Co 






2,136,59 




Western Union Telegraph Co. 






6,978.94 




Danville and Western Railway 


.93 


5,000 00 


4,650.00 




Mebane-Rid Seville Telephone Co. 


230.00 










51.00 




American Telephone and Telegraph Co 






2,596.00 




Atlantic Postal Telegrapli-Cable Co. ._ 






1,021.20 




Southern Bell Telephone and Telegraph Co 






419.00 




Total _ 






370,521.98 




Southern Railway Co. 


22.86 


29,132.93 




Catawba 


665,978.97 




Pullman Co. 


4,206.06 




Southern Express Co. 




. 


4.435.89 










2,324.50 










6,274.80 










3,600,00 




Carolina and Northwestern Railroad 

Southern Belb Telephone and Telegraph Co. 


12.56 


9,248.74 


116,164.20 
4,622.00 










2,485.54 




Total 










810,091.76 













ASSESSMENT OF EAIEROAD PEOPEKTY. 



91 



STATEMENT W -Continued. 



County. 


Nan.e of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Chatham 


Atlaniic and Yadkin Railroad 


24.99 

18.59 


$ 9,997.82 
19,712.67 


$249,845.61 




Seaboard Air Line Railway 


366,458.55 






1,346.85 




Swift Refrigerator Transportation Co. 






1,000.00 




Southern Express Co. 






4,021.88 




Cape Fear Telephone Co. 






800.00 




Pittsboro Telephone and Telegraph Co. 






250.00 




Western Union Telegraph Co. 






7,414.53 




Southern Bell Telephone and Telegraph Co. 






2 , 334 . 00 




Chapel Hill Telephone Co. 






270,00 




Durham and South Carohna Railroad Co___ 
Durham and Charlotte Railroad Co. 


17.88 
5.27 


5,000.00 
2,929.20 


89,400.00 
15,436.00 




Total 






738,577.42 




Southern Railway Co. 


23.97 


29,132.93 




Cherokee _ _ 


698,316.48 




Soutliern Express Co 


3 5''6 07 




Western Union Telegraph Co. 






5,513.70 




Cherokee Telephone Co , 






1.500.00 




Louisville and Nashville Railroad ._ 


13.21 
7.50 


6,000.00 
1,302.22 


79,'>60.00 




Snow Bird Valley Railroad 


9,766.67 




Total 


797,912.92 




Southern Express Co. 








Chowan 


2,731 40 




Western Union Telegraph Co. 






569 12 




Norfolk and Carolina Telephone and Tele- 
graph Co. . - . 






6,078.46 




Norfolk and Southern Railway 


25.80 


9,952.05 


256,762.85 




Albemarle Steam Navigation Co 


3,800.00 




Total 










269,941.83 




Atlanta and Charlotte Air Line Railway 

Southern Railway — Carohna Division 

Seaboard Air Line Railway 


8.77 
24.80 
21.34 


32,899.67 
5,953.25 
19,712.67 




Cleveland 


288,530.11 
147,640.85 
420,668 37 




Lattimore Telephone Co. . 


500 00 




Pullman Co. 






1,612 43 




Piedmont Telephone and Telegraph Co. 






8,055 25 




Southern Express Co. . 






4,955 52 




Sharon Telephone Co... 






500 00 




Boding Springs Telephone Co. _ _ . 






625 00 




Western Union Telegraph Co 






12,046.58 



92 



IS". C. CORPOKATIOlSr COMMISSIOIT. 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Cleveland 

^Continued.) 


Lawndale Railroad (Cleveland Cotton Mills) 
American Telephone and Telegraph Co _ 


9.06 


$ 2,759.38 


$ 25,000.00 
3,947.20 




Atlantic Postal Telegraph-Cable Co 






1 149 54 




Southern Power Co. 






2,485 40 




Total 










917,710.25 




Atlantic Coast Line Railroad Co 


75.62 
S.90 


29,192.50 
19,712.67 




Columbus 


2,207 5.36 99 




Seaboard Air Line Raib.vav __ 


175,442.76 




Union Tank Line 


6,120 00 




Southern Express Co. 






8,066.63 




Western Union Telegraph Co. - _ - 






12,474.06 




Southern Bell Telephone and Telegraph Co. 






8,644.00 




Atlantic Postal Telegraph-Cable Co _. 






5.35.50 




Total _- - .. _ _ 










2,418,819.94 




Atlantic Postal Telegraph-Cable Co. 










1,416.00 




Atlantic Coast Line Railroad Co 


9.44 


29,192.50 


275,577.26 
8,277.91 




Pamlico and Beaufort Telephone Co 






72.50 




Western Union Telegraph Company 






10,777.23 




Norfolk and Southern Railway Co 


25.38 
45.25 


9,952.05 

12,228.42 


252,583.00 




Norfolk and Southern Railway — Atlantic and 
M orth Carolina Division 

Independent Steamboat Co... _ 


553,336.05 
3,025.00 




Old Dominion .Steamship Co 






5,000.00 




Home Telephone and Telegraph Co. 






12,000.00 




Vanceboro Steamboat Co 






1,700.00 




Dover and Southbound Railroad Co 

Carteret-Craven Telephone Co. 


1.00 


2,000.00 


2,000.00 
47.00 




Total 










1,125,811.95 




Atlantic Coast Line Railroad Co 


60.1.3 


29,192.50 




Cumberland 


1,755,345.15 




Pullman Co 


5,880.74 




Southern Express Co. 






10.278.40 










19,176.08 




Aberdeen and Pv,ockfish P ailroad 

Roseboro and Favetteville Telephone Co 


36.00 


4,718.85 


169,878.60 
385.00 




Clinton-Dunn Telephone Co 






30.00 










10,236.49 




American Telephone and Telegraph Co 






8,349.00 



ASSESSMENT OF EAILROAD PEOPEETY. 



93 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Cumberland 


Raleigh and Southport Railway. 


21.80 


$ 4,917.35 


$105,723.14 


(Continued.) 


Atlantic Postal Telegraph-Cable Co ._ 


5,200.59 




Merchants and Farmers Steamboat Co.__ . 






4,166.67 




Total _ 










2,094,649.86 




Southern Express Co. 








Currituck 


1 360 96 




Western Union Telegraph Co 






] 990 92 




Norfolk and Southern Railway 


14.30 


9,952.05 


142.314 80 




Albemarle and Chesapeake Canal Co 


15 000 00 




Currituck Telephone Co. 






2,500 00 




Norfolk and Carolina Telephone and Tele- 
graph Co 






2,941.20 




Bennett Ferry Co. . _ 






3,000.00 




Total _ . . _ _ 










169,107.38 




Eastern Carolina Transportation Co 








Dare 


1 550 00 




Old Dominion Steamship Co 






2 000 00 




Total 










3 550 00 




North State Telephone Co. 








Davidson _ 


325 00 




North Carolina Railroad 


24.80 
20.00 


46,822.19 
2,812.50 


1,161,190 30 




Carolina Valley Railroad Co. 


56,250 00 




Pullman Co... 


4.562 57 




Thomasville Telephone Co. 






1,727 50 




Southern Express Co. 






2,360 24 




Western Union Telegraph Co. 






25,054 77 




Southern Bell Telephone and Telegraph Co. . 
Lexington Telephone Co. 






4,145 00 








5.000 00 




American Telephone and Telegraph Co. 






P,008 00 




Atlantic Postal Telegraph-Cable Co. 






3,394 80 




Midway Telephone Co. 






716 00 




Orinoco Telephone Co. 






274.35 




Ritch Fork Telephone Co. 






266 66 




Total _ 










1,277,275 19 




North Carolina Midland Railroad 


17.68 


16,440.24 




Davie 


290 663 55 




Southern Bell Telephone and Telegraph Co._ 
Southern Express Co. 


1 222 00 








1 178 22 




Mocksville Telephone Co. 






900 00 




Western Union Telegraph Co 






2,701 82 




Total . 










296,665.59 













94 



N. C. GOEPORATIOlNr COMMISSION. 



STATEMENT W— Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Duplin 


Atlantic Coast Line Railroad 


36.96 


$29,192.50 


1,078,954 00 




6,248.28 




Southern Express Co _ 






3,517.50 




Union Tank Line . - _ _ 






6,120.00 




Western Union Telegraph Co.. 






11,970.55 




Teacheys-Dell Telephone Co. 






500 00 




Southern Bell Telephone and Tele^'raph Co. 






5,443.00 




Hallsville Telephone Co. 






450.00 




Rose Hill Telephone Co. 






5.000.00 




4rmour Car Lines Co. 






8,400.00 




Duplin Telephone Co. 






680.00 




Wallace Telephone Co. 






1,125.00 




Total 










1,128,418.23 




Southern Railway Co. . 


11.18 
16.22 

8.18 
10.39 

9.25 
19.50 


29,132.93 
46,822.19 

8,215.66 
19,712.67 

5,000.00 
17,412.91 




Durham 


325,706.25 




North Carolina Railroad- . . 


759,455.80 




Durham and Southern Railroad _ .__ 


67,204.30 




Seaboard Air Line Railway 


204,814.64 




Durham and South Carohna Railway 

Norfolk and Western Railway 


46,250.00 
339,551.84 




Pullman Co 


2,985.80 




Southern Cotton Oil Co. 






8,400.00 




Southern Express Co. 






6.086.14 




Western Union Telegraph Co. 






8,084.37 










154,300.00 




Southern Bell Telephone and Telegraph Co. 






3,784.00 




Southside Telephone Co 






466.72 




North Carohna Telephone Co. _ . 






421.00 




American Telephone and Telegraph Co 






1,334.60 




Atlantic Postal Telegraph-Cable Co. 






1,285.00 




Interstate Telephone and Telegraph Co. 






50,000.00 




Orange Telephone Co 






195.00 




Total 










1,981,225.46 




Atlantic Coast Line Railroad Co. 


43.83 


29,192.50 




pjdgecombe 


1,279,507.39 




Pullman Co 


4.778.10 










6,530.59 




Western Union Telegraph Co. 






24,515.54 




Home Telephone and Telegraph Co 






0,550.00 



ASSESSMENT OF EAILEOAD PROPERTY. 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Edgecombe.. 


East Carolina Railway _ __ 


18.00 


$ 2,715.94 


$ 48,886.92 


{Continued. ) 


Tar River Oil Co. _ _ .. ._. _ ._ 


4,500.00 




Carolina Telephone and Telegraph Co. 






6,788.43 




American Telephone and Telegraph Co_ 






3,780.80 




Southern Railway — Rolling Stock. 






40,328.00 




Total . - -_.---- 






1,426, 1P5. 77 




Good Will Telephone Co. 








Forsyth 


400 00 




Southern Railway Co. 


36.71 
10.77 
13.73 


29,132.93 
9,997.82 
16,440.24 


1 069 470 00 




Atlantic and Yadkin Railroad 


107 676 62 




North Carolina Midland Railroad 

Southern Express Co 


225,724.70 
7 153 95 




Southern Bell Telephone and Telegraph Co. 






39 521 00 




Western Union Telegraph Co. _ 






10.910.58 




Fries Manufacturing and Power Co. . 






57,590.00 




Kernersville Telephone Co. 






900.00 




Norfolk and Western Railway 

Dosier Telephone Co.. . 


14.96 


17,412.91 


260,497.21 
200.00 




Atlantic Postal Telegraph-Cable Co... 






1,124.02 




Midway Telephone Co. . _ .. . 






159.00 




Total. _ ._ __ . . 










1,781,327.08 




Seaboard Air Line Railway 


22.94 


19,712.67 




Franklin .. 


45'? 908 65 




Southern Bell Telephone and Telegraph Co.. 
Pullman Co. 


1,210.00 








2 389 05 




Southern Express Co. 






2 379 27 




Western Union Telegraph Co. 






6 955 84 




Home Telephone and Telegraph Co. 






8 050 00 




Southside Telephone Co. 






199 98 




Union Tank Line 






6 I'^O 00 




Atlantic Postal Telegraph-Cable Co. 






2 302 95 




Louisburg Telegraph Co. 






500 00 




Total 










482 315 74 




Atlanta and Charlotte Air Line Railway 

Seaboard Air Line Railway . __ . . 


23.00 
17.50 


32,899.67 
19,712.50 




Gaston_ 


756,692.66 
344,971.72 






Southern Bell Telephone and Telegraph Co. . _ 


264 . 00 




Pullman Co. 






4 231 78 




Southern Express Co. 






5 687 39 




Western Union Telegraph Co. 






16 836 07 




Piedmont Telephone and Telegraph Co 






22,738.80 



96 



W. C. CORPORATION^ COMMISSIOK". 



STATEMENT W— Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 




Carolina and Northwestern Railway Co 

American Telephone and Telegraph Co 


19.20 


$ 9,248.74 


$178,130.70 


{Continued.) 


9,101.60 




Southern Power Co 






16,155 10 




Atlantic Postal Telegraph-Cable Co 






3,539 00 




Total - 










1,358,408.82 




Atlantic Coast Line Railroad Co. 


14. S4 


29,192.50 




Gates 


433,216 76 




Pullman Co. 


2,756.59 




Southern Express Co. 






3,309.04 




Southern Railway — RoUins Stock.. . 






22,199.00 




Western Union Telegraph Co. . _. _ _ _ 






4,024.45 




Norfolk and Southern Railway 


20.80 


9,952.05 


207,002 60 




North State Telephone Co 


1,793 00 




Albemarle Steam Navigation Co. 






3,800.00 




Total 










678,161.44 




Snow Bird Valley Railroad 

Total _ 


fi.OO 


1,302.22 




Graham 


7,813.33 








7,813.33 












Granville 


1,500.00 






43.80 
2.20 
3.73 


29,132.93 
10,000.00 
3,000.00 


1,270,032.55 




Atlantic and Danville Railway 


22,000.00 




North and South Carolina Railroad 

Home Te'ephone and Telegraph Co. 


11,190.00 
6,800.00 






22.36 


19,712.67 


440,775.30 






6,757.10 




Southside Telephone Co. - _ . 






2,333.30 




Western Union Telegraph Co.. 






8,957.58 




Oxford and Coast Line Railroad 


4.51 


6,552.10 


29,550.00 




Pullman Co. 


405.05 




Total. _ __ _- _.__-. 










1,806,300.88 




East Carolina Railwav- . -_ 


9.63 


2,715.94 




Greene 


26,151.50 




Carolina Telephone and Telegraph Co. 


220.00 




Kinston and Snow Hill Railroad Co 

Southern Investment Co 


7.00 


3,500.00 


24,500.00 
622.00 




Norfolk and Southern Railway ....- 


8.04 


9,952.05 


80,014.40 
780.41 




Atlantic Postal Telegraph-Cable Co 






567.00 




We'=tern Union Te'egraph Co 






1,247.62 














Total --' 


131,105.93 






1 







I 



ASSESSMENT OF RAILROAD PROPERTY. 



97 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per -Mile. 


Total 

Assessed 
Value. 


Guilford 


Liberty Tclephono Co. 




$ 


$ 16.5.00 




Southern Railway Co. 


26.30 
39. 2o 

3.04 
33.37 


29,132.93 
9,997.82 

10,000.00 
46,822.19 


766,196 10 


, 


Atlantic and Yadkin Railroad 


3«^2,514 54 




High Point, Randleman, Ashboro and 
Southern Railroad, . 

North Carohna Railroad 

Pullman Co...- . . . 


30,400.00 

1.562,450.40 

8,728.70 




-Southern Expre.ss Co 

Western Lnion Telegraph Co. 







10,278.40 
43,536.27 




Greensboro Electric Co. 






34,817.00 




Union Tank Line Co . 






6,120.00 




National Car Co.. . 






.540.00 




American Refrigerator Transit Co. 






1,060.00 




Southern Bell Telephone and Telegraph Co. 






111.412.00 




North ?tate Telephone Co. _. 






17,500.00 




Merchants Dispatch Transportation Co. 






773 00 




Thomasyille Telephone Co. _- .. _ _. 






27.50 




American Telephone and Telegraph Co. . _ 






14,528 20 




Atlantic Postal Telegraph-Cable Co 






7,022 24 




High Point Electric Power Co 






2.. 500. 00 




Good Will Telephone Co . . 






250 00 




Orinoco Telephone Co.- . _ -. 






205 65 




Ritch Fork Telephone Co. . . 






53 34 




Total 










3,011,114.34 




Atlantic Coast Line Railroad -Co. 


01.09 


29,192.50 




Halifax 


1 783 369 96 




Southern Railway — Rolling Stock 


19 806 00 




Seaboard Air Line Railway 

Pullman Co. 


20.20 


19,712.67 


398,195.94 
10 107 52 




Home Telephone and Telegraph Co. 






10 035 00 




Southern Exprc-'S Co. 






7 837 27 




Western Union Telegraph Co. 






21 hl'> 74 




Carohna Telephone and Telegraph Co. 






3 889 76 




American Telephone and Telegraph Co. 






6,173 40 




Atlantic Postal Telegraph-Cable Co. 






2,033 00 




Roanoke NaviL-ation and Water Power Co.. 






7,888 00 




Total - --- _-- .. _ _ _ 










2,270,908 .59 













Corp. 2- 



98 



K". C. CORPOEATION COMMISSION. 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Harnett 


Atlantic Coast Line Railroad Co 

Pullman Co. 


20.02 


$29,192.50 


S584,433.92 
1,286.41 




Southern Exnress Co. 






6,663.82 




Western Union Telegraph Co. 






5,672.12 




Cardenas Telephone Co. 






144.00 


# 


Benson Telephone Co. - . . 






1,500.00 




Carolina Telephone and Telejrraph Co 






3,220.70 




Durham and Southern Railroad Co 

Raleigh and Southport Railroad 

\meriran Telephone and Telegraph Co. 


20.62 
21.75 


8,215.66 
4,917. .35 


169,406.95 

106,952.48 

1,6.34.60 




Clinton-Dunn Telephone Co. .. . . . . . 






20.00 




Atlantic Postal Telegraph-Cable Co._ 






3,528.00 




Total 










884,463.00 




Southern Railv.ay Co 

Southern Express Co 

Asheville Telephone and Telegraph Co 


21.58 


29.132.98 




Haywood 


628,688.75 
2,052.84 
1,325 00 




\\rg>5tpj-n Union Tel^'craph Co 






2,986.18 




Waynesville Telephone Co 






3,685.85 




Tennessee and North Carolina Railroad 

Total 


2.00 


2,500.00 


5,000.00 




643,738.62 




Southern Railway — Carolina Division 

Pullman Co. _ . _ . - 


33.13 


5,953.25 




Henderson 


197,231.18 
3,967.14 




Southern Express Co. _ . 






3,146.34 




Southern Bell Telephone and Telegraph Co. 






2,508.00 




Western Union Telegraph Co 






5.706.36 




Asheville Telephone and Telegraph Co.. 






7,647.00 




Hendersonville I>ight and Power Co. 






5,000.00 










2,250.40 




Total 










227,456.42 




Atlantic Coast Line Railroad Co. 


14.53 


29,192.50 




Hertford 


424,167.09 




Pullman Co 


2,756.59 




Southern Express Co. 






1,573.18 




Western Union Telegraph Co. _ 






3,781.88 




Wellington and Powellsville Railroad Co 

Albemarle Steam Navigation Co 


4.00 


2,250.00 


9,000.00 
3,800.00 




North State Telephone Co 






6,230.00 



ASSESSMENT OF RAILROAD PROPERTY. 



99 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Hertford . .. -.. 


Chowan and Roanoke Telephone Co 

Southern Railway — Rolling Stock 





% 


% 671.60 


{Continued.) 


21,735.00 




Total 










473,715.34 


Hvde 


Washington and Hyde Telephone Co. _ . 






1,234.40 




Fairfield Canal and Turnpike Co _ ^ 






7,600.00 




Hyde County Telephone Co. . 






2,-)00.00 




Fairfield and Elizabeth City Transportation 
Co 






2,400 00 




Total 








' 


13,734 40 


Iredell 


Clio Telephone Co. 






1,463.00 




Southern Railway 


53.20 


29,132.93 


1,549,872.60 




Southern Bell Telephone and Telegraph Co _ 
North Carolina Midland Railroad. 


26,318.00 




4.91 


16,440.24 


80.721.62 






3,700.67 




Southern Express Co. 






5,701.67 










3,499.00 




Western Union Telegraph Co.. 






9,327.52 




Southern Power Co _ 






5,747.48 




Iredell Telephone Co . . ... 






16,940.00 




Peoples Telephone Co. . 






1,200 00 




Total -_ . 










1,704,491.56 




Southern Railway Co 


22.81 


29,132.93 




Jackson 


664 5'>2 30 




Southern Express Co 


2,178.46 




Franklin Telephone and Electric Co 






243 60 




Western Union Telegraph Co 






3 270 54 




Waynesville Telephone Co. 






314 15 




Bryson City Telephone Co. __ . 






600.00 




Total 










671,129.05 




Johnston County Telephone Co. 








Johnston 


2,500.00 




North Carolina Railroad Co. 


26.24 


46,822.19 


1,228,614 20 




Carolina Telephone and Telegraph Co. 


2,is;5 93 




Southern Railway— RoUing Stock. . 

Atlantic Coast Line Railroad Co. 


43.62 


29,192.50 


15,760.00 
1,273,376.96 




Benson Telephone Co 

Pullman Co _ .. 


2.000.00 








5,696.96 




Southern Bell Telephone and Telegraph Co. 
American Telephone and Telegraph Co 






8,000.00 


. 






9,652.40 



100 



N. C. CORPORATION COMMISSION^. 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Asses.sed 
Value. 


Johnston 


Southern Expres'-' Co 




$ 


$ 5 386 64 


{Continued.) 


Western Union Telpsraph Co 

Union Tank Line 






16,017.23 
6,P0 00 




Atlantic Postal Telegraph-Cable Co. 






514 50 




Clayton Telephone Co 

Norfolk and Southern Railway 

Total... _ - __ -_- .. .- 


.36 


;),952.n5 


1,905.00 

3,582.70 

2,581,31^.52 




Atlantic Coast Line Railroad Co 


12.79 


29,192.50 




Jones 


373,372.14 




1,547.49 




Home Telephone and Telegraph Co 






500.00 




Western Union Telegraph Co.- 






2,024.92 




Norfolk and Southern Railway — Atlantic 
and North Carolina Division 


4.18 
18.00 


12,228.42 
2,000.00 


51,114.80 






36,000.00 




Total 






464,559.35 




Southern Bell Telephone Co 








Lee 


2,332.00 




Atlantic Coast Line Railroad Co. 


8.55 
6.93 
9.00 
8.00 
24.48 


29,192.50 
9,997.82 
2,000.00 
3,125.00 

19,712.67 


249,595.93 




Atlantic and Yadkin Railroad 


69,285.00 




Atlantic and Western Railroad 


18,000.00 




Raleigh and Western Railway 


25,000.00 




Seaboard Air Line Railway _. 


443,140.85 




Pullman Co. 


4,097.20 




Southern Express Co. ._ _ __ _ ._ 






3,612.65 




Western Union Telegraph Co 






17,262.81 




Total 






832,326.44 






11.07 


29,192.50 






323,161.04 




Home Telephone and Telegraph Co. 


950.00 




Southern Express Co. __ _ ._ _. 






2,671.46 




Carolina Telephone and Telegraph Co 






5,610.00 




Western Union Telegraph Co 






4,579.82 




Norfolk and Southern Railway — Atlantic 


19.00 

20.00 

6.00 


12,228.42 
2,000.00 
3,500.00 


232,340.00 




Kinston and Carolina Railroad. _ _ . 


40,000.00 




Kinston and Snow Hill Railroad Co 


21,000.00 




Total 






630,312.32 













ASSESSMENT OF RAILROAD PROPERTY. 



101 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 




Seaboard Air Line Railway __ - 


15.60 


$19,712.67 


$307,517.65 




Soutliern Express Co 


2,841.80 




Western Union Telegraph Co. 






2,882.86 




Piedmont Telephone and Telegraph Co. 






6,605.30 




Carohna and Northwestern Railroad Co 

Southern Power Co 


14.96 


9,248.74 


138,361.35 
4,038.76 




Total --- - 










462,247.72 




Southern Railway Co. 


2.52 


29,132.93 




Macon 


73,415.05 




Southern Express Co, _. _ . 


1,332.40 










284.76 




Franklin Telephone and Electric Co. 






3,674.30 










310.00 




Blue Ridge and Atlantic Railroad ... 


13.40 


8,084.56 


108,333.00 




Total 






187,349.51 




Spring Creek Telephone Co. 










2,090.00 






28.40 


29,132.93 


827,375.35 






5,224.15 










2,693.34 




Western Union Telegraph Co. _ _ _ _ _ 






5,796.65 




North Carolina Electrical Power Co... ._ .- 






10,268.00 




American Telephone and Telegraph] Co 






3,944.00 




Madison Telephone Co. 






300.00 




North Buncombe Telephone Co._ 






80.00 




Total 










857,771.49 




Atlantic Coast Line Railroad Co. 


52.24 


29,192.50 




Martin 


1 525 016 32 




Southern Express Co._ _ . 


4,473.02 




Western Union Telegraph Co. 






8 849 39 


- 


Williamston Telephone Co 






2,188 00 




Roanoke and Tar River Steamboat Co. 






12 208 00 




Total 










1,552,734 73 




Southern Railway Co.._ 


32.24 
13.90 


29,132.93 
5,953.25 




McDowell 


939,245.85 




Southern Railway — Carohna Division 

Pullman Co.. . _ _ 


82,750.18 

5,929.84 




Southern Express Co 






4,334.07 




Western Union Telegraph Co.-_ 






8,930.50 




Total 










1 041 190 44 













102 



]^. C. CORPOKATION COMMISSION. 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Mecklenburg- _ 


Southern Railway Co. _ _ 


34.88 
11.42 
11.90 
23.90 


$29,132.93 
32,899.67 
46,822.19 
19,712.67 


1,016,156.05 




Atlanta and Charlotte Air Line Railroad___ 

North Carolina Railroad Co 

Seaboard Air Line Railway 


375,714.23 
557,184.00 
471.132 81 




Catawba Power Co. _ _. 


14,687 00 




Pullman Co. 






8,973.12 




Southern Bell Telephone and Telegraph Co. 






100,319.00 




Southern Express Co. . _ _ 






7,623.14 




Western Union Telegraph Co 






36,505.67 




Charlotte Consolidated Construction Co 






219,895 00 




American Telephone and Telegraph Co. 






18,572 00 




Mooresville Telephone Co. 






26 00 




American Cotton Oil Co. 






3,667.00 




Atlantic Postal Telegraph-Cable Co.. 






3,618.04 










16,465.77 




Total 










2,850,538.83 




Southern Express Co. 








Mitchell 


3,742.11 




Western Union Telegraph Co 






605 . 85 




East Tennessee and Western North Carolina 
Railroad 


3.00 
12,00 
39.24 


8,966.66 
3.000.00 
13,950.98 


26,900.00 




Linville River Railway 


36,000.00 




Carohna, Clinchfield and Ohio Railroad 

W^atauga Telephone Co 


547,436.75 
200 00 




Total - - - 










614,884.71 




Southern Express Co 








Montgomery 


4,211.30 




Western Union Telegraph Co. 






2,664.38 










2,250.00 




Aberdeen and Ashboro Railroad Co 

Mt. Gilead Telephone Co. 


41.00 


3,475.61 


142,500.00 
1,500.00 










150.00 




Durham and Charlotte Railroad 

Total _ _ 


9.73 


2,929.20 


28,502.00 




181,777.68 






24.58 


19,712.67 






484,537.39 






4,479.71 




Swift Refrigerator Transportation Co 






1,000.00 




Southern Express Co 






6,188.96 




Western Union Telegraph Co 






13,458.00 



ASSESSMENT OF RAILROAD PROPERTY. 



103 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 

Value. 


Moore.- _ . 


Aberdeen and Ashboro Railroad Co 


27.00 


$ 3,475.61 


$ 93,84L46 


{Continued. ) 


Aberdeen and Rockfish Railroad Co 


2.35 


4,718.85 


11,089.30 




Randolph and Cumberland Railroad Co 


18.50 


2,702.70 


50,000.00 




Southern Bell Telephone and Telegraph Co. 






3,752.00 




Durham and Charlotte Railroad Co, 


26.00 


2,929.20 


76,159.00 




Carthage and Pinehurst Railroad Co 

Total 


12.80 


2,500.00 


32,000.00 




776,505 82 




Atlantic Postal Telegraph-Cable Co 








Nash 


913.50 




Atlantic Coast Line Railroad Co 


30.38 


29,192.50 


886,868.24 




Pullman Co - - _ . 






2,021.50 




Home Telephone and Telegrapli Co. 






6,550.00 




Southern Express Co. _ _ _ 






3,907.71 




Southern Railway — Rolling Stock _ . _ . _ 






4 , 787 . 00 




Western Union Telegraph Co. _ 






2,882.37 




American Telephone and Telegraph Co 






2,984.80 




Norfolk and Southern Railway _ 


10.67 


9,952.05 


106,188 35 




Total 






1,017,103 47 




Atlantic Coast I>ine Railroad Co 


29.68 


29,192.50 




New Hanover 


866,433.49 




Seaboard Air Line Railway 


3.37 


19,712.67 


66,431.70 




Pullman Co. _ _ 






1,653 96 




Southern Express Co. 






2,094 72 




Western Union Telegraph Co . _ 






9,412.11 




New Hanover Transit Co ~ 


4.00 


625.00 


2,500.00 




Diamond Steamboat and Wrecking Co. 






10,000 00 




Tidewater Power Co. _ _ _ 






.326,700.00 




Merchants and Farmers Steamboat Co. 






4,166 67 




Carolina Transportation Co . 






3,000.00 




Soutliern Bell Telephone and Telegraph Co._ 






93,273.00 




Robert Portner Brewing Co. __ 






2,000 00 




Atlantic Postal Telegraph-Cable Co 






276 00 




Atlantic Postal Telegraph-Cable Co.— Cape 
Fear River. . 






327 50 




Total 










1 388 269 15 




Atlantic Coast Line Railroad Co .. . 


7.03 


29,192.50 




Northampton 


205,223 33 




Seaboard Air Line Railway 


42.33 


19,712.67 


834,437.32 




Southern Bell Telephone and Telegraph Co.. 






2,640 00 




Pullman Co 






4,226.78 



104 



N. C. CORPOKATIOIS' COMMISSION. 



STATEMENT W— Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Northampton 


Southern Express Co. . 




$ 


$ 4,908 90 


(Continued) 


Western Union Telegraph Co.. .._ 






17,692.77 




Home Telephone and Telegraph Co . 






1,050.00 




Northampton and Hertford Railroad Co 

American Telephone and Telegraph Co.. ._ 


9.00 


3,333.33 


30,000.00 
2,886.40 




Atlantic Postal Telegraph-Cable Co. 






951 60 




Parmers Mutual Telephone Co. 






550 00 




Total ._ _ - - 










1,104,567.10 




Atlantic Coast Line Railroad Co. 


36.31 


29,192.50 




Onslow 


1,059,979 78 




Southern Express Co. 


3,455 65 




Western Union Telegraph Co. - 






4,359.64 






5.40 


2,000.00 


10,800.00 




Total . - _ 






1,078,595.07 




North Carolina Railroad Co. 


17.27 
10.14 


46,822.19 
2,470.31 




Or3rng6 


808,619.12 




State University Railroad Co. 


25,049.00 




Pullman Co - - 


3,178.76 




Union Tank Line - 






6,120.00 










2,633.38 




Southern Bell Telephone and Telegraph Co. . 






3,294.00 




Western Union Telegraph Co. . . _ 






5,486.65 




Chapel Hil' Telephone Co 






2,490.00 




Mebane-Ridgeville Telephone Co. 






230.00 




North Carolina Telephone Co 






319.00 










300.00 










1,416.00 




Atlantic Postal Telegraph-Cable Co _ 






1,083.60 










1,402.00 




Total -- - - - 










861,621.51 




Western Union Telegraph Co._ 










787.48 






21.47 


9,952.05 


213,670.50 




Pamlipo and Beaufort Telephone Co 


1,377.50 




Washington and Vandemere Railroad Co — 

Snnthprn Evnrpss Co 


6.50 


2,212.50 


14,381.25 
1,046.90 




Total 










231,263.63 




Snnthprn Evnrp';'? Co 








Pasquotank 


2,168.95 


Western Union Telegraph Co 






1,848.74 



ASSESSMENT OF RAILROAD PROPERTY. 



105 



STATEMENT W-Continued. 



County, 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Pasquotank 

(Continued.) 


Norfolk and Southern Railway 


22.29 


$ 9,952.05 


$221,831.02 


Elizabeth City Electric Light and Power Co. 
Elizabeth City Water and Power Co. 


7,380 00 








49,400 00 




Norfolk and Carolina Telephone and Tele- 






11,568 62 




Elizabeth City Sewerage Co. 






4,450.00 




Eastern Carolina Transportation Co. 






1,550 00 




Total 










300,197 33 




Atlantic Coast Line Railroad Co._ _. ._ _ 


62.99 


29,192.50 




Pender 


1,838,835.71 




Pullman Co ._ .^ ._ 


4,594.32 




Union Tank Line 






6,120.00 










5,979 56 




Western Union Telegraph Co. 






13,048 67 




Southern Bell Telephone and Telegraph Co. 






4,395 00 




Armour Car Lines Co. 






8,400 00 




Total 










1,881,373 26 


Perquimans 


Southern Express Co. . _ . _ .. _ 






2,413.15 




Western Union Telegraph Co. . . 






2,275.28 




Norfolk and Southern Railway.- _ __ 


25.37 


9,952.05 


252,483.50 




Norfolk and Carohna Telephone and Tele- 
graph Co. - _ 


5,882.40 




Total 










263,054.33 




Orange Telephone Co. 








Person . _ _ 


30 00 




Atlantic and Danville Railway . 


5.20 


10,000.00 


52,000.00 




Southern Express Co. 


2,606 74 




Western Union Telegraph Co. 






4,545 42 




North Carolina Telephone Co. 






409 00 




Mebane-Ridgeville Telephone Co. 






529 00 




Norfolk and Western Railway Co. 


22.19 


17,412.91 


386,392 59 




Pullman Co. 


956 37 




Total _-____- ._ _ 










447,469 12 




Atlantic Postal Telegraph-Cable Co. 








Pitt . _ 


1 920 00 




Atlantic Coast Line Railroad Co. 


56.49 


29,192.50 


1,649 084 44 




Southern Express Co. 


8 764 24 




Western Union Telegraph Co. 






10,562 50 




East Carolina Railway 


9.07 


2,715.94 


24,633 58 




Home Telephone and Telegraph Co 


13.400.00 



106 



]^. C. CORPORATION COMMISSION. 



STATEMENT W-Continued. 



County, 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Miie. 


Total 

Assessed 
Value. 


Pitt 


Norfolk and Southern Railway 


29.21 


$ 9,952.05 


$290,699.35 


{Continued.) 


Southern Investment Co.^ _ _ __ 


1,553.00 




Total 










2,000,617.11 




Southern Railway — Carolina Division 

Pullman Co 


10.00 


5,953.25 




Polk 


59,532.50 
1 842 73 




Polk County Telephone Co. 






1 , 642 00 




Southern Express Co 






951 73 




Western Union Telegraph Co. 






2,265.80 










1,143.60 




Southern Bell Telephone and Telegraph Co. 






2,400.00 




Total 










69,778.36 


Randolph 


Soutliern Bell Telephone and Telegraph Co. 






2,815.00 








1,810.00 






30.49 

23.74 
.60 


9,997.82 

10,000.00 
46,822.19 


304,833.65 




High Point, Randleman. Ashboro and 
Southern Railroad 


237,400.00 


' 


North Carolina Railroad 


28,093.20 




Randleman Telephone Co. 


2,653.00 


' 








6 , 502 . 97 










2,350.00 




Western Union Telegraph Co. 






7,968.19 




North State Telephone Co 






175.00 




Aberdeen and Ashboro Railroad Co 

Pullman Co 


14.00 


3,475.61 


48,658.54 
111.01 




Riverside Telephone Co. 






1,100.00 




Total 










644,470.56 




Seaboard Air Line Railway 


48.66 


19,712.67 




Richmond 


959,218.52 




Pul'man Co. _ _ 


7,350.92 




Southern Express Co 

Southern Bell Telephone and Telegraph Co. 






4,492.05 
13,954.00 










19,621.66 




Atlantic Postal Telegraph-Cable Co. 






234.50 




Total 










1,004,871.65 




Atlantic Coast Line Railroad Co 


80.69 
30.60 


29,192.50 
19,712.67 




Robeson 


2,355,542.99 
603,207.00 






6,432.06 




Southern Express Co 






13,417.10 



ASSESSMENT OF RAILROAD PROPERTY. 



10' 



STATEMENT W-Continued. 



County, 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 








$ 


$ 19,363 24 


{Continued.) 


Red Springs and Bowmore Railroad Co 


10.00 


1,497.82 


14,978.20 




Aberdeen and Rockfish Railroad Co 


8.60 


4,718.85 


40,582.10 




Lumberton Telephone Co. 






2,150.00 




Carolina Telephone and Telegraph Co. 






4 018 55 




Raleigh and Charleston Railway 


20.76 


4,816.95 


100,000,00 




American Telephone and Telegraph Co. 






6 273 00 


f 


Atlantic Postal Telegraph-Cable Co. 






2 670 12 




Virginia and Carolina Coast Railroad 


14.50 


3,000.00 


43,500.00 




Alma Railroad Co. 


13.00 


1,000.00 


13 000 00 




Total 






3,225,134.36 




Southern Railway _. 


21.65 


29,132.93 




Rockinsham 


630.728.00 




Atlantic and Yadkin Railroad 


10.44 


9,997.82 


104,377.35 


. 


Southern Bell Telephone and Telegraph Co. 






13 362 00 




Pullman Co 






3,983.68 




Southern Express Co. 






5 649 3'^ 




Western Union Telegraph Co 






27 175 29 




Danville and Western Railway 


7.25 


5,000.00 


36,250.00 




Norfolk and Western Railway 


20.02 


17,412.91 


-348,606.56 




International Telephone Co. 






9 000 00 




Merchants Dispatch Transportation Co. 






774.00 




American Telephone and Telegraph Co. 






8,524.00 




Atlantic Postal Telegraph-Cable Co 






2,940 60 




Good Will Telephone Co 






" 150 00 




Total _.. . ... 










1,184,520 80 




Southern Railway 


17 52 


29,132 93 




Rowan. __ 


510,409.00 

964,537.00 

99,716.17 




North Carohna Railroad 


20.60 


46,822 19 




Yadkin Railroad _ 


16.66 


5,985.37 




Southern Bell Telephone and Telegraph Co.. 






33,595.00 




Pullman Co. . _ . 






7,010.42 




Southern Express Co 






6 355 48 




Western Union Telegraph Co. 






33,455.29 




Albemarle Telephone Co. 






1 170 74 




Concord Teleplione Co '. . ... 






500 GO 




North Carolina Midland Railroad 


17.20 


16,440.24 


282,772.13 




American Telephone and Telegraph Co 






8,311.60 



108 



]Sr. C. CORPOEATION COMMISSION. 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 

Value. 


Rowan 


Atlantic Postal Telegraph-Cable Co. 




% 


% 4 027 00 


{Continued.) 


Southern Power Co. . _ 




3 106 75 




Total 










1,954 966 58 




Southern Railway — Carolina Division 

Seaboard Air Line Railway . ._ 


24.90 

20.42 

3.00 


5,953.25 
19,712.67 
3,466.66 




Rutherford 


148,235.95 

402,532.72 

10,400 00 




Cliffside Railway ._ ___ 




Ellenboro Telephone Co. ... 


320 00 




Southern Express Co . 






4,520.88 




Caroleen and Henrietta Telephone Co. 






2,000.00 




Western Union Telegraph Co. _ _ . _ . . _ 






8,422.00 




Forest City Telephone Co 






1,625.00 




Rutherford Telephone Co. 






3 500 00 




Piedmont Telephone Co. 






276 15 




Total 










581,832 50 




Atlantic Coast Line Railroad Co. 


49.35 


29,192.50 




Sampson 


1 440 649 99 




Southern Express Co. 


4 696 67 




Western Union Telegraph Co. 






6 825 04 




Duplin Telephone Co. 






470 00 




Roseboro and Fayetteville Telephone Co. 






1,115.00 




Clinton-Dunn Telephone Co.. 






737.00 




Garland-Clinton Telephone Co. . _ _ 






2,642.00 




Sampson County Telephone Co 






1,834.00 




Teacheys-Dell Telephone Co. . 






365.00 




Wallace Telephone Co. ._ ._ _ ... 






375.00 




Total ... . _ -._ .. - 










1,459,709.70 




Atlantic Coast Line Railroad Co 


10.03 
20.71 


29,192.50 
19,712.67 






292,800.85 




Seaboard Air Line Railway .. 


408,249.40 






3,075.91 




Southern Bell Telephone and Telegraph Co 






11,126 00 




Western Union Telegraph Co. . 






6,026.46 




Red Springs and Bowmore Railroad 

American Telephone and Telegraph Co. 


1.50 


1,497.82 


2,246.80 
2,325.60 




Atlantic Postal Telegraph-Cable Co. 






2,991.15 




Total 










728,842.17 













ASSESSMENT OF RAILROAD PROPERTY, 



109 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


valuation 
per Mile, 


Total 

Assessed 
Value. 


Stanly 


Yadkin Railroad 


23.19 


$ 5,985.37 


$138,800 73 




Southern Express Co. 


2,778 04 




Albemarle Telephone Co. 






3,682.92 




Western Union Telegraph Co. . _ 






3,038.55 




Norwood Electric and Water Co. 






1,663.00 




Whitney Co _•__ .' . . ... 






40,000.00 




Total 










189,963.24 




Atlantic and Yadkin Railroad 


20.80 


9,997.82 




Stokes 


207 954 66 




Southern Express Co. 


3,6,S0 25 




Southern Bell Telephone and Telegraph Co. _ 
Western Union Telegraph Co. 






1,540 00 








5,493.05 




Norfolk and Western Railway _ 


10.67 


17,412.91 


185,795.80 




Farmers Quickstep Telephone Co. 


275 00 




Total 










404,738 76 




Mt. Airy Telephone Co _. 








Surry 


5,000.00 




Southern Railway 


33.13 
17.40 


29,132.93 
9,997.82 


965,174.30 




Atlantic and Yadkin Railroad 


173,962.57 




Southern Express Co. _ _ _ _ 


4,525.-39 




Southern Bell Telephone and Telegraph Co. 






1 , 760 00 




Woodlawn Telephone Co. 






100 00 




Western Union Telegraph Co. 






6,409 52 




Mt. Airy and Eastern Railway 

Siloam Telephone Co. _ _ . 


5.00 


1,500.00 


7,500.00 
620 00 




Total _ 










1,165,051 78 




Bryson City Telephone Co. 








Swain . 


1 800 00 




Southern Railway Co 

Southern Express Co. 


38.77 


29,132.93 


1,129,483.98 
4 ]«7 51 




Frankhn Telephone and Electric Co. . __. 






142.10 




Western Union Telegraph Co. 






5 545 42 




Carolina and Tennessee Southern Railroad. _ 
Total. 


13.90 


3,000.00 


41,700.00 




1 182 859 01 




Southern Express Co. .. 








Transylvania.. . 


2,674 31 




Southern Railway- — Carolina Division 

Total 


30.53 


5,953.25 


181,752.73 




184,427 04 













110 



N. C. CORPOEATIOl^ COMMISSION. 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


TyrrelL 


Western Union Telegraph Co. 




$ 


$ 848 03 




Southern Express Co 




666.22 




Tyrrell County Telephone Co . 






661.00 




Norfolk and Southern Railway 

Total 


7.00 


9,952.05 


69,664.35 




71,839.60 




Seaboard Air Line Railway 

Pullman Co. ^ . . _ _ 


39.90 


19,712.67 




Union 


786,535.53 




6,064.51 




Monroe Exchange Telephone Co. 






3,000.00 




Southern Express Co. . 






3,692.63 




Southern Bell Telephone and Telegraph Co. 






3,742.00 




Western Union Telegraph Co _ _ 






15,789.90 




Total . . _ 










818,824.57 




Southern Railway Co. 


7.10 

28.16 


29,132.93 
19,712.67 




Vance 


206,843.95 




Seaboard Air Line Railway 


555,108.79 




Pullman Co. 


5,145.64 




Southern Express Co. 






3,997.17 




Southern Bell Telephone and Telegraph Co._ 
Western Union Telegraph Co. 






1,210.00 








12,022.41 




Home Telephone and Telegraph Co. 






11,700.00 




Atlantic Postal Telegraph-Cable Co. 






3,963.65 






7.30 


3,786.41 


27,640.77 




Total - 






827,63'^38 




North Carolina Railroad 


27.52 
42.65 
28.07 
27.41 
.37 
17.25 


46,822.19 
19,712.67 
8,215. 6& 
9,952.05 
5,000.00 
4,917.35 




Wake 


1,288,546.60 




Seaboard Air Line Railway 

Durham and Southern Railroad 

Norfolk and Southern Railway 

Durham and South Carolina Railroad 

Raleigh and Southport Railroad 


840,745.38 

230,613.75 

272,785.65 

1,850.00 

84,824.38 




Pullman Co. 


10,241.15 




Clavton Telephone Co. 






1,295.00 




Capital City Telephone Co 






54,094.00 




Southern Express Co 






13,986.21 




Cardenas Telephone Co. 






2,8.56.00 










40,978.09 




Southern Bell Telephone and Telegraph Co._ 
Standard Gas and Electric Co. 






7,914.00 








25,000.00 



ASSESSMENT OF RAILROAD PEOPEKTY. 



Ill 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed! 
Value. 


Wake 


Union Tank Line 




$ 


$ 6,120.00 


{Continued.) 


Home Telephone and Telegraph Co. 






530.00 




Cudahy Milwaukee Refrigerator Line 






200.00 




Streets Western Stable-Car Line - 






250.00 




Raleigh Telephone Co. 






7,500.00 




Raleigh Electric Co •. _ 






35,000.00 




Cudahv Packing Co . . ___ _ 






200.00 




Union Refrigerator Transit Co. of Wisconsin. 
Cape Fear Telephone Co. 






1,205.00 
842.00 




American Telephone and Telegraph Co.- 






2,209.20 




American Cotton Oil Co. 






3,607.00 




Atlantic Postal Telegraph-Cable Co. 






8,683.85 


" 


Total- - 










2,942,137.26 




Wise and Newman Telephone Co 








Warren . 


475 00 




Seaboard Air Line Railway 


31.03 


19,712.67 


611,684.15 




Pullman Co. 


5,696.96 




Southern Express Co. 






2,970.28 




Western Union Telegraph Co 






10,877 16 




Warrenton Railroad Co. 


3.00 


3,080.00 


9,240.00 




Home Telephone and Telegraph Co. . 


4,000.00 




Atlantic Postal Telegraph-Cable Co. ... 






4,489.35 




Roanoke River Railroad Co. 


3.00 


3,780.41 


11.359.23 




Total 






660,792.13 




Atlantic Coast Line Railroad Co 


3.87 


29,192.50 




Washington 


112,975 03 




Southern Express Co. 


6,078 54 




Western Union Telegraph Co 






2 705 09 




Tyrrell County Telephone Co 






70 00 




Norfolk and Soutliern Railway 


57.48 


9,952.05 


572,043.00 




Washington County Telephone Co 

Total 


610.00 




694,541 66 




Watauga Telephone Co. - 








Watauga 


SOO.OO 




Total --- - 










800.00 




North Carohna Railroad 

Atlantic Coast Line Railroad Co. 


10.47 

38.52 


46,822.19 
29,192.50 




Wayne 


490,228.30 
1,124,495 20 




Pullman Co... ._ 


5,513 19 




Southern Express Co 






5,043.11 



112 



C. COEPOEATION COMMISSION. 



STATEMENT W-Continued. 



County. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Wayne- _- 


Western Union Telegraph Co. 




$ 


% 14 570 39 


{Continued.) 


Norfolk and Southern Railway — Atlantic 
and North Carolina Division 


10.82 


12,228.42 


132 311 52 




Southern Bell Telephone and Telegraph Co. 


24 244 GO 




Union Tank Line 






6 120 00 




Armour Car Lines Co. 






8,400 00 




Carolina Telephone and Telegraph Co. . 






660.00 




Total -_ - _ ___ 










1,811,585.71 






18.11 


29,132.93 




Wilkes 


527,597 55 




Southern Express Co. - _ _. 


1,723 56 




Western Union Telegraph Co. 






2,180.02 




Total . - --. 










531,501.13 




Atlantic Coast Line Railroad Co. 


31.27 


29,192.50 




Wilson 


912,849 57 




Atlantic Postal Telegraph-Cable Co._- . 


1 , 353 00 




Pullman Co. 






5,696.96 




Carolina Telephone and Telegraph Co. 






13,291.14 




Southern Railway — Rolling Stock . _ 






36,798.00 










5,020.27 




American Telephone and Telegraph Co .. _ 






6,734.40 




Norfolk and Southern Railway 


23.34 


9,952.05 


232,280.80 




Western Union Telegraph Co. 


12,361 64 




Total 










1,226.385 78 




Carolina, Clinchfield and Ohio Railroad 

Burnsville Telephone Co. _ __ . 


5.36 


13,950.98 




Yancey 


74.777.25 
500.00 




Southern Express Co. . .__ _ 






510.15 




Total - . . 










75,787.40 













ASSESSMENT OF EAILROAD PROPERTY. 



113 



STATEMENT X— List of Towns, with Apportionment of Valuation to Each for Year 1908. 



Town, 



Name of Road or Other Company. 



Mile- 



Valuation 
per Mile. 



Total 

Assessed 

Value. 



Aberdeen - 
Advance-- 
Ahoskie -- 

Albemarle 

Alexander 
Almond -- 
Andrews - 

Angier — 

Ansonville 
Apex 

Archdale - 
Ashboro-- 



Seaboard Air Line Railway 

Aberdeen and Ashboro Railroad 

Aberdeen and Rockfish Railroad 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 

North Carolina Midland Railroad 



Atlantic Coast Line Railroad 

Wellington and Powellsville Railroad 

Western Union Telegraph Co 

North State Telephone Co 



Yadkin Railroad 

Western Union Telegraph Co. 
Albemarle Telephone Co 



Southern Railway Co. 
Southern Railway Co. 



Southern Railway Co. 

Snow Bird Valley Railroad - 



Durham and Southern Railroad 
Cardenas Telephone Co 



Norwood Electric and Water Co. 



Seaboard Air Line Railway 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co, 

Cape Fear Telephone Co 

Durham and Southern Railroad 



North State Telephone Co. 



1.00 
.50 
.65 



.70 

.46 
1.00 



1.00 



1.00 

1.00 

1.53 
.50 

1.00 



1.04 



.94 



High Point, Randleman, Ashboro and Southern 
Railroad 



Aberdeen and Ashboro Railroad - 

Western Union Telegraph Co 

Ashboro Telephone Co. 



$19,712.67 
3,475.61 
4,718.85 



16,440.24 

29,192.50 
2,250.00 



5,985.37 



29,132.93 

29,132.93 

29,132.93 
1,302.22 

8,215.66 



19.712.67 



8,215.66 



10,000.00 
3,475.61 



$19,712.67 

1,737.80 

3,067.25 

369.68 

166. 00 



11, 



5.17 



13,428.55 

2,250.00 

76.25 

725.00 

5,985.37 

96.97 

2,500.00 

29,132.93 

29,132.93 

44, 573. 50 
651.11 

8,215.66 
70.00 

737.00 

20,501.17 
313. 62 
936.00 
326.00 

7,722.75 

175. 00 

4,100.00 

1,737.80 

129. 69 

2,000.00 



Corp 2- 



114 



N". C. CORPORATION COMMISSION. 



STATEMENT X-Continued. 



Town. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 

Value. 


Asheville 


Southern Railway Co 


3.04 


$29,132.93 


$ 88,564.20 
946.06 




Western Union Telegraph Co 














313 60 










101 120 00 




Southern Bell Telephone and Telegraph Co 






132 00 


Ashpole - 


Atlantic Coast Line Railroad 


1.05 


29,192.50 


30,652.13 




Atlantic Coast Line Railroad 


.85 


29, 192. 50 


24.813.62 




North State Telephone Co 






700.00 










50.00 






1.00 


2,212.50 


2,212.50 


Autryville 


Atlantic Coast Line Railroad 


.60 


29,192.50 


17,515 50 








20.00 




Atlantic Coast Line Railroad 


.36 


29,192.50 


10,509.30 










500.00 




"Western Union Telegraph Co 






36.36 




Atlantic Coast Line Railroad - 


.50 


29,192.50 


14,596.25 




Western Union Telegraph Co - 






210.38 










156.80 


Bayboro - 


Norfolk and Southern Railway 


.22 


9,952.05 


2,189.45 




Western Union Telegraph Co 






26.64 


Beaufort 


Home Telephone and Telegraph Co 






200.00 




Beaufort Telephone Co 






1 000.00 




Norfolk and Southern Railway 


.74 


9,952.05 


7,364.50 




W^ashington and Hyde County Telephone Co 






2 500.00 






1.25 


9,952.05 


12,440.05 






1.33 


32,899.67 
29, 192. 50 


43,756.55 






.50 


14,596.25 
113.63 




Western Union Telegraph Co 












1,000.00 










139. 20 


Bessemer City 


Atlanta and Charlotte Air Line Railroad -1 


2.96 


32,899.67 


97,383.05 
1,454.45 




Piedmont Telephone Co 






1,000.00 



ASSESSMENT OF RAILROAD PROPERTY. 



115 



STATEMENT X— Continued. 



Town. 



Name of Road or Other Company. 



Mile- 
age. 



Valuation 
per Mile. 



Total 

Assessed 

Value. 



Bethel 

Biltmore 

Biscoe -— 

Black Creek 

Black Mountain 

Boardman 

Bonsai 

Boyette 

Brevard 

Broadway 

Bryson City 

Buie's Creek --- 
Burgaw 

Burlington 

Cameron 



Atlantic Coast Line Railroad- 
Western Union Telegraph Co. 



Southern Railway— Carolina Division -- 
Southern Railway Co. 

American Telephone and Telegraph Co. 



Aberdeen and Ashboro Railroad 

Atlantic Coast Line Railroad 

Western Union Telegraph Co 



Southern Railway Co. 

Atlantic Coast Line Railroad- 



Durham and South Carolina Railroad 

Cape Fear Telephone Co 

Seaboard Air Line Railway 



Atlantic Coast Line Railroad 

Southern Railway— Carolina Division 
Atlantic and Western Railway 



Southern Railway Co. 

Western Union Telegraph Co. 
Bryson City Telephone Co 



Benson Telephone Co. 



Atlantic Coast Line Railroad 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 

North Carolina Railroad 

Atlantic Postal Telegraph-Cable Co 

Western Union Telegraph Co 

American Telephone and Telegraph Co 

Southern Bell Telephone and Telegraph Co. 



Seaboard Air Line Railway 

Randolph and Cumberland Railroad 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 



$29,192.50 



1.00 
.51 



1.00 

1.05 

.37 



1.04 
.50 



.60 
1.00 



2.00 



2.00 



1.20 
.50 



5, 953. 
29,132. 



3, 475. 61 
29,192.50 



29,132.93 

29,192.50 

5,000.00 



19,712.67 

29, 192. 50 

5,953.25 

2,000.00 

29,132.93 



29,192.50 



46,822.19 



19,712.67 
2,702.70 



$ 7,881.97 
67.09 

1,661.91 

6,991.90 

21.60 

3,475.61 

14,888.18 
165.41 

29,132.93 

30,652.13 

1,850.00 

87.45 

20,501.17 

14,596.25 

4,762.60 

1,200.00 

29,132.93 

96.97 

1,000.00 

40.00 

58,385.00 
103. 00 
177. 00 

93,644.38 

135.00 

451.55 

161.60 

8,756.00 

23,655.20 

1,351.35 

343. 80 

88.00 



116 



1^. C. CORPOEATION COMMISSIOK". 



STATEMENT X— Continued. 



Town. 



Candor 

Canton 

Caroleen 

Carthage -— 
Gary 

Catawba — 

Cedar Falls - 
Cerro Gordo 
Chadbourn - 

Chapel Hill . 
Charlotte — 



Cherry ville - 



Name of Road or Other Company. 



Aberdeen and Ashboro Railroad- 

Southern Railway Co. 

Western Union Telegraph Co 

Waynesville Telephone Co 



Caroleen and Henrietta Telephone Co. 



Carthage and Pinehurst Railroad 



North Carolina Railroad 

Seaboard Air Line Railway 

Western Union Telegraph Co 

American Telephone and Telegraph Co 

Southern Bell Telephone and Telegraph Co. 



Southern Railway Co. 

Southern Bell Telephone and Telegraph Co. 

Southern Bell Telephone and Telegraph Co. 
Atlantic Coast Line Railroad 



Atlantic Coast Line Railroad 

Southern Bell Telephone and Telegraph Co. 
Western Union Telegraph Co 



Chapel Hill Telephone Co 

Southern Bell Telephone and Telegraph Co. 

Southern Railway Co. 

Atlanta and Charlotte Air Line 

North Carolina Railroad 

Seaboard Air Line Railway 

Western Union Telegraph Co 

Atlantic Postal Telegraph-Cable Co. 

American Telephone and Telegraph Co 

Southern Bell Telephone and Telegraph Co. - 



Seaboard Air Line Railway 

Piedmont Telephone Co 

Western Union Telegraph Co. - 



Mile- 
age. 



.50 



.87 



.20 

1.00 
1.10 



.96 



2.00 



4.91 
3.52 
2.72 
1.10 



1.00 



Valuation 
per Mile. 



$ 3,475.61 



29,132. 



2,500.00 

46,822.19 
19,712.67 



29,132.93 



29,192.50 



29,192.50 



29,132.93 
32,899.67 
46,822.19 
19,712.67 



19,712.67 



Total 

Assessed 

Value. 



$ 1,737.80 

25, 345. 65 

69.00 

400.00 

1,350.00 

500.00 

46,822.19 

21,683.94 

938. 24 

53.60 

1,222.00 

27,967.65 
144. 00 

95.00 

22,770.16 

58,385.00 
165.00 
425.53 

2,470.00 
122. 00 

143,042.70 

115,806.85 

127,356-35 

21,683.94 

1,957.66 

580.00 

4,914.00 

86,361.00 

19,712.67 

1,250.00 

140. 00 



ASSESSMENT OF KAILEOAD PROPERTY. 



117 



STATEMENT X-Continued. 



Town. 



Name of Road or Other Company. 



China Grove - 
Chocowinity- 
Claremont — 

Clarendon — 
Glarkton 

Clayton 

Cleveland 

Clinton 

Clyde 

Coats 

Colfax 

Columbia 

Columbus --. 



North Carolina Railroad 

Western Union Telegraph Co 

Concord Telephone Co 

Southern Bell Telephone and Telegraph Co. 

Norfolk and Southern Railway 



Southern Railway Co 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 



Atlantic Coast Line Railroad 



Seaboard Air Line Railway — 
Western Union Telegraph Co. 



North Carolina Railroad 

Western Union Telegraph Co 

American Telephone and Telegraph Co 

Clayton Telephone Co. 

Southern Bell Telephone and Telegraph Co. 

Southern Railway Co. 

Western Union Telegraph Co. 

Southern Bell Telephone and Telegraph Co. 



Atlantic Coast Line Railroad -- 
Western Union Telegraph Co. - 
Duplin Telephone Co. 

Garland-Clinton Telephone Co. 



Southern Railway Co. 

Western Union Telegraph Co 

Asheville Telephone and Telegraph Co. 



Benson Telephone Co 

Durham and Southern Railway 



Southern Bell Telephone and Telegraph Co. 

Tyrrell County Telephone Co 

Norfolk and Southern Railway 



Polk County Telephone Co. 



Mile- 



1.00 



1.30 
1.00 



1.00 
1.38 



1.06 



.75 



.45 



.63 



.60 



Valuation 
per Mile. 



$46,822.19 



9,952.05 
29,132.93 



29, 192. 50 
19,712.67 



46,822.19 



29,132. 



29,192.50 



29,132. 



8,215.66 



9,952.05 



Total 

Assessed 

Value. 



$ 46,822.19 
994.59 
133.55 
95.00 

12,937.60 

29,132.93 
184.84 
144.00 

29, 192. 50 

27,203.48 
217. 63 

49,631.52 

304. 74 

88.80 

1,215.50 

78.00 

21,849.70 
245.84 
962.00 

13, 136. 62 

40.00 

20.00 

1,500.00 

18,353-75 

88.48 
67.00 

20.00 
5,258.00 

160.00 

100.00 
5,971.20 

225.00 



118 



W". C. COEPORATION COMMISSIOI^. 



STATEMENT X-Continued. 



Town. 



Concord 

Conetoe 

Connelly Springs - 

Conoho 

Conover 

Cornelius 

Council 

Cove City 

Creedmore 

Cresswell 

Cronly 

Crouse 

Dallas 

Davidson College- 



Name of Road or Other Company. 



North Carolina Railroad Co, 

Western Union Telegraph Co 

Atlantic Postal Telegraph-Cable Co. 

American Telephone and Telegraph Co 

Southern Bell Telephone and Telegraph Co. 
Concord Telephone Co. 



Atlantic Coast Line Railroad - 
Western Union Telegraph Co. 



Southern Bell Telephone and Telegraph Co. 
Atlantic Coast Line Railroad 



Southern Railway Co. 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 



Southern Railway Co. 

Southern Bell Telephone and Telegraph Co. 



Seaboard Air Line Railway 

Norfolk and Southern Railway - 



Southside Telephone Co. --- 
Seaboard Air Line Railway - 



Western Union Telegraph Co.-- 
Norfolk and Southern Railway - 



Southern Bell Telephone and Telegraph Co. 
Seaboard Air Line Railway 



Carolina and Northwestern Railway 
Western Union Telegraph Co 



Southern Railway Co. 

Western Union Telegraph Co 

Mooresville Telephone Co 

Southern Bell Telephone and Telegraph Co. 
Orinoco Telephone Co 



Mile- 
age. 



.57 



1.00 
1.04 



1.13 



1.00 
.91 



.85 



.28 



.96 
1.17 



Valuation 
per Mile. 



$46,822.19 



29, 192. 50 



29, 192. 50 
29,132.93 



29,132. 



19,712.67 
9, 952. 05 



19,712.67 



9,952.05 



19,712.67 
9,248.74 



29, 132. 93 



Total 

Assessed 

Value. 

$ 68,360.40 

804.71 

187.00 

734. 80 

1,269.00 

2,266.10 

16,639.72 

89.72 

150.00 

29,192.50 

30,298.25 
206. 05 
132.00 

32, 920. 25 
544. 00 

19,712.67 

9,056.35 

400.00 
16,755.77 

33.91 

2,786.57 

122.00 

18,924.16 

10,821.00 
92.12 

43,990.75 

221.81 

26.00 

1,600.00 

330.00 



ASSESSMENT OF EAILEOAD PEOPERTY. 



110 



STATEMENT X-Continued. 



Town. 



Dillsboro 



Dover 



Dudley 



Dunn 



Durham 



Earles 

Edenton 

Edwards 

Efland 

Elizabeth City- 

Elizabethtown 
Elkin 



Name of Road or Other Company. 



Southern Railway Co. 

Western Union Telegraph Co. 



Norfolk and Southern Railway— A. and N. C. 
Division 



Dover and Southbound Railroad 

Home Telephone and Telegraph Co. - 



Atlantic Coast Line Railroad Co 

Southern Bell Telephone and Telegraph Co. 

Atlantic Coast Line Railroad 

Western Union Telegraph Co 

American Telephone and Telegraph Co 

Carolina Telephone and Telegraph Co. 

Durham and Southern Railroad 



Southern Railway Co. 

North Carolina Railroad 

Seaboard Air Line Railway 

Norfolk and Western Railway -. 

Western Union Telegraph Co 

Interstate Telephone Co 

Atlantic Postal Telegraph-Cable Co. 

American Telephone and Telegraph Co 

Southern Bell Telephone and Telegraph Co. 



Western Union Telegraph Co. . 



Norfolk and Southern Railway 

Norfolk and Carolina Telephone and Telegraph 
Co. 



Washington and Vandemere Railroad 

Southern Bell Telephone and Telegraph Co. 
Norfolk and Southern Railway 



Norfolk and Carolina Telephone and Telegraph 
Co. 



Atlantic Postal Telegraph-Cable Co. 



Southern Railway Co. 

Western Union Telegraph Co. 



Mile- 
age. 



1.00 



.50 



1.00 



.73 

.83 
2.33 

.94 
1.27 



1.78 



1.00 



2.14 



2.00 



Valuation 
per Mile. 



$29,132. 



12,228.42 
2,000.00 



29, 192. 50 



29,192.50 



8,215.66 

29,132.93 
46,822.19 
19,712.67 
17,412.91 



9,952.05 



2,212.50 



9,952.05 



29,132.93 



Total 

Assessed 

Value. 



$ 29,132.93 
81.21 

16, 630. 65 

1,000.00 

150.00 

20,142.83 
123.00 

29,192.50 

227.26 

218.60 

2,119.70 

5,997.50 

24,180.35 
109,095.70 

18,529.91 

22,114.40 
298. 00 

39,219.00 
106.00 
235. 40 
264.00 

121.21 

17,714.60 

4, 000. 00 

2,212.50 

78.00 

21,297.35 

7, 500. 00 

50.00 

58,265.86 
112.72 



120 



W. C. COEPOEATION COMMISSION. 



STATEMENT X— Continued. 



Town. 



Name of Road or Other Company. 



Mile- 
age. 



Valuation 
per Mile. 



Total 

Assessed 

Value. 



Elk Park — 
EUenboro — 

Elm City — 

Elon College 

Enfield 

Everetts 

Fair Bluff - 

Fairmont — 
Faison 

Faith 

Farmville — 

Fayetteville 



East Tennessee and Western North Carolina 
Railroad 



Western Union Telegraph Co. 



Seaboard Air Line Railway 

Western Union Telegraph Co. - 
EUenboro Telephone Co 



Atlantic Coast Line Railroad 

Western Union Telegraph Co 

American Telephone and Telegraph Co. 



North Carolina Railroad Co 

Southern Bell Telephone and Telegraph Co. 

American Telephone and Telegraph Co 

Atlantic Postal Telegraph-Cable Co. 



Atlantic Coast Line Railroad 

Western Union Telegraph Co 

American Telephone and Telegraph Co. - 
Home Telephone and Telegraph Co 



Atlantic Coast Line Railroad -*■- 

Western Union Telegraph Co 



Atlantic Coast Line Railroad 

Southern Bell Telephone and Telegraph Co. 
Western Union Telegraph Co. 



Lumberton Telephone Co. 



Atlantic Coast Line Railroad 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 

Southern Bell Telephone and Telegraph Co. 



Southern Investment Co 

East Carolina Railway 

Norfolk and Southern Railway - 



Atlantic Coast Line Railroad 

Western Union Telegraph Co 

Atlantic Postal Telegraph-Cable Co. 



.50 



$ 8,966.66 



1.00 



.53 



1.00 



.83 



1.00 



.16 

.57 

4.21 



19,712.67 



29,192.50 



46,822.19 



29,192.50 



29,192.50 



29, 192. 50 



29,192.50 



2,715.94 
9,952.05 

29,192.50 



$ 4,483.33 
145.45 

19,712.67 
183.03 
142.00 

15,472.02 
540.41 
173.60 

32,307.31 

157.00 

62.40 

50.40 

29,192.50 
539.84 
150.00 
550. 00 

24,229.77 
97.00 

29,192.50 
166.00 
190.90 

250.00 

19, 850. 90 
209.11 
100.00 

290.00 

500. CO 

434. 55 

5,672.66 

122,900.42 

1,004.13 

430.00 



ASSESSMENT OF EAILEOAD PEOPERTY. 



121 



STATEMENT X-Continued. 



Town. 



Name of Road or Other Company. 



Mile- 
age. 



Valuation 
per Mile. 



Total 

Vssessei 
Value. 



Fayetteville 

(Continued.) 

Forest City 

Forestville 

Fountains 

Four Oaks 

Franklin 

Franklinton 

Franklin ville --- 
Fremont 

Garland 

Garner 

Garysburg 

Gastonia 



American Telephone and Telegraph Co. 
Carolina Telephone and Telegraph Co. - 



Southern Railway— Carolina Division 

Seaboard Air Line Railway 

Western Union Telegraph Co 

Forest City Telephone Co 



Seaboard Air Line Railway 

Southern Bell Telephone and Telegraph Co. 

East Carolina Railway 



Atlantic Coast Line Railroad 

Western Union Telegraph Co. 

American Telephone and Telegraph Co. 

Franklin Telephone and Electric Co 



Seaboard Air Line Railway 

Western Union Telegraph Co 

Atlantic Postal Telegraph-Cable Co. 

Home Telephone and TJelegraph Co 

Southern Bell Telephone and Telegraph Co. 

Southern Bell Telephone and Telegraph Co. 



Atlantic Coast Line Railroad- 
Western Union Telegraph Co. 

Atlantic Coast Line Railroad - 



American Telephone and Telegraph Co. 

North Carolina Railroad 

Clayton Telephone Co 



Farmers Mutual Telephone Co. 

Seaboard Air Line Railway 

Atlantic Coast Line Railroad-- 



Atlanta and Charlotte Air Line Railroad- 

Carolina and Northwestern Railway 

Atlantic Postal Telegraph-Cable Co 

Western Union Telegraph Co 



2.00 
1.25 



1.00 
.53 



.96 



1.30 



1.00 



1.00 



1.00 
.51 

2.00 
1.00 



5.953.25 
19, 712. 67 



19,712.67 



2, 715. 94 
29,192.50 



19,712.67 



29,192.50 



29,192.50 



46,822.19 



19,712.67 
29,192.50 

32,899.34 
9,248.74 



$ 253.40 
7,500.00 

11,906.50 

24,640.84 

100.00 

1,040.00 

17, 347. 15 
264.00 

2,715.94 

15,472.02 
129. 54 
160-80 

1,490.00 

18,924.16 
229.08 
445.00 
200. 00 
660.00 

95.00 

37,950.25 
196.62 

29,192.50 

84.00 

46, 822. 19 

72.00 

150.00 
19,712.67 
14,888.18 

65,799.34 

9,248.74 

456. 00 

1,769.58 



122 



I^. C. CORPORATION COMMISSION. 



STATEMENT X— Continued. 



Town. 



Gastonia 

{Continued. 



Gatesville - 
Germanton 
Gibson 



Name of Road or Other Company: 



Piedmont Telephone Co. 

American Telephone and Telegraph Co 

Southern Bell Telephone and Telegraph Co. 

North State Telephone Co 

Atlantic and Yadkin Railroad 



Mile- 
age. 



Atlantic Coast Line Railroad 

Seaboard Air Line Railway 

Southern Bell Telephone and Telegraph Co. 
Atlantic Postal Telegraph-Cable Co 



.50 

.37 

.85 



Gibsonville 



North Carolina Railroad -- 

Southern Bell Telephone and Telegraph Co. 
American Telephone and Telegraph Co. — 



Valuation 
per Mile. 



9, 997. 82 

29,192.50 
19, 712. 67 



.63 46,822.19 



Glen Alpine 



Godwin - 



Southern Railway Co. 

Southern Bell Telephone and Telegraph Co. 



1.00 



29, 132. J 



Gold Hill - 
Goldsboro 



Atlantic Coast Line Railroad 

Western Union Telegraph Co 

American Telephone and Telegi-aph*Co. 

Yadkin Railroad 



.50 I 29,192.50 



.28 



North Carolina Railroad 

Atlantic Coast Line Railroad- 



5,985.37 



Norfolk and Southern Railway— A. and N. C. 
Division 



.70 I 46,822.19 
:.90 I 29,192.50 



12,228.42 



Graham 



Granite Falls-- 
Granite Quarry - 
Greensboro 



Western Union Telegraph Co. 

Southern Bell Telephone and Telegraph Co. 

North Carolina Railroad 

American Telephone and Telegraph Co. 

Southern Bell Telephone and Telegraph Co. 

Carolina and Northwestern Railroad 

Yadkin Railroad 



46,822.19 



1.00 
.79 



9,248.74 
5,985.37 



Southern Railway Co. 

Atlantic and Yadkin Railroad 

North Carolina Railroad 

Atlantic Postal Telegraph-Cable Co. 



1.80 29,132. 



2.85 
2.11 



9, 997. 82 
16,822.19 



Total 

Assessed 

Value. 

$ 6, 500. OO 
992. 00 
33.00 

25.00 

4,998.91 

10,801.2a 

16,755.77 

1.156.00 

50.00 

29, 497. 99 

234.00 

77.60 

29,132.93 
62.00 

14,596.25 
150. 90 
156.00 

1,675.90 

32,775.55 
55,465.75 

10,883.29 

487.00 

14,270.00 

67,892.20 

87.20 

2,199.00 

9,248.74 

4,728.50 

52,439.30 

28,493.80 

98,794.85 

525.00 



ASSESSMENT OF RAILROAD PROPERTY. 



STATEMENT X-Continued. 



Town. 



Greensboro 

(Continued.) 



Greenville. 



Grif ton 



Grimesland - 
Grover 



Name of Road or Other Company. 



Western Union Telegraph Co 

American Telephone and Telegraph Co 

Southern Bell Telephone and Telegraph Co. 
North State Telephone Co 



Atlantic Coast Line Railroad 

Western Union Telegraph Co 

Home Telephone and Telegraph Co.- 

Norfolk and Southern Railway 

Atlantic Postal Telegraph-Cable Co. 

Atlantic Coast Line Railroad 

Western Union Telegraph Co, 

Home Telephone and Telegraph Co.- 



Home Telephone and Telegraph Co. 



Atlanta and Charlotte Air Line Railroad- 
Western Union Telegraph Co 

American Telephone and Telegraph Co.-- 
Piedmont Telephone Co 



Guilford College— | Southern Bell Telephone and Telegraph Co. 



Halifax- 



Hamlet . 



Hampton — 

Hassell 

Haw River 
Hazlewood 
Henderson 



Atlantic Coast Line Railroad 

Western Union Telegraph Co. 

Home Telephone and Telegraph Co.- 



Seaboard Air Line Railway 

Southern Bell Telephone and Telegraph Co. 

Southern Railway— Carolina Division 

Atlantic Coast Line Railroad 

Southern Bell Telephone and Telegraph Co. 
Southern Railway Co. 



Southern Railway Co. 

Seaboard Air Line Railway 

Western Union Telegraph Co 

Atlantic Postal Telegraph-Cable Co 

Home Telephone and Telegraph Co 

Southern Bell Telephone and Telegraph Co. 



Mile- 
age. 



Valuation 
per Mile. 



.90 



.70 



3.00 



.57 
.31 



.50 

.36 
2.05 



192.50 



,952.05 



29, 192. 50 



32,899.67 



Total 

Assessed 

Value. 



29, 192. 50 



19,712.67 



5,953.25 
29,192.50 



29,132.93 

29,132.93 
19,712.67 



$ 3,266.15 

604.20 

98,380.00 

200. OO 

26,273.25 

81.82 

6,750.00 

14,530.00 

59.50 

25,105.50 
104.00 
100.00 

200. 00 

16,449.83 
396.61 
260.80 
400.00 

195.00 

20,4.34.75 
305.43 
200.00 

59,138.01 
2,666.00 

3,393.00 

9,049.67 

232.00 

14,566.46 

10,487.60 

40,410.97 

689.36 

380. 00 

5,000.00 

440.00 



124 



I^. C. COBPOEATION COMMISSION. 



STATEMENT X— Continued. 



Town. 



Hendersonville 



Henrietta 
Hertford - 

Hickory -. 



Hiddenite - 
Highlands - 
High Point 



Hildebran 

Hill 

Hillsboro - 



Hobgood- 



Name of Road or Other Company. 



Southern Railway — Carolina Division 

Western Union Telegraph Co 

American Telephone and Telegraph Co 

Asheville Telephone and Telegraph Co. 

Southern Bell Telephone and Telegraph Co. 

Caroleen and Henrietta Telephone Co 



Norfolk and Southern Railway 

Norfolk and Carolina Telephone and Telegraph 
Co 



Southern Railway Co 

Southern Bell Telephone and Telegraph Co. 

Carolina and Northwestern Railroad 

Hickory Electric Co. 

Western Union Telegraph Co 



Southern Bell Telephone and Telegraph Co. 



Southern Railway Co. 



High Point, Randleman, Ashboro and South- 
ern Railroad 



North Carolina Railroad 

Western Union Telegraph Co 

Atlantic Postal Telegraph-Cable Co. 

North State Telephone Co. 

Southern Bell Telephone and Telegraph Co. 
Orinoco Telephone Co 



Southern Railway Co. 

Southern Bell Telephone Co. 



Troy Telephone and Electric Co. 



North Carolina Railroad 

North Carolina Telephone Co 

Western Union Telegraph Co. 

American Telephone and Telegraph Co. 

Southern Bell Telephone and Telegraph Co. 

Atlantic Coast Line Railroad 

.Western Union Telegraph Co 



Mile- 
age. 



,52 



2.04 



1.61 



1.38 
2.44 



1.00 



Valuation 
per Mile. 



$ 5,953.25 



9,952.05 



29,132.93 



),284.74 



29,132.93 



10,000.00 
46,822.19 



29, 132. 1 



46,822.19 



29,192.50 



Total 

Assessed 

Value. 



$ 17,328.95 

399.37 

258.00 

6,005.00 

264.00 

575.00 

5,175.00 

1,500.00 

59,431.20 
110.00 

14,890.40 

3,500.00 

447.13 

145.00 

28,550.27 

13,800.00 

114,246.15 

1,241.73 

222. 50 

16, 240. 00 

3, 080. 00 

150. 00 

29,132.93 
67.00 

175. 00 

6,086.75 

6.00 

38.68 

96.00 

168.00 

27,441.00 
227. 26 



ASSESSMENT OF EAILEOAD PROPERTY. 



125 



STATEMENT X-Continued. 



Town. 



Hoffman 

Holly Springs 

Hookerton 

Hope Mills — 

Hot Springs - 
HuntersviIle- 

Jackson 

Jacksonville- 

Jamesville — 

Jerome 

Jonesboro 

Kelford 

Kenansville -. 
Kenly 



I 



Name of Road or Other Company. 



Seaboard Air Line Railway 

Southern Bell Telephone and Telegraph Co. 



Durham ?nd Southern Railroad 
Cardenas Telephone Co. 



East Carolina Railway 



Atlantic Coast Line Railroad 

Western Union Telegraph Co 

American Telephone and Telegraph Co. 
Aberdeen and Rockfish Railroad 



Southern Railway Co. 

Western Union Telegraph Co. 



Southern Railway Co. 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 

Northampton and Hertford Railroad 

Home Telephone and Telegraph Co 



Atlantic Coast Line Railroad- 
Western Union Telegraph Co. 



Atlantic Coast Line Railroad - 
Western Union Telegraph Co. 

Atlantic Coast Line Railroad - 



Atlantic Coast Line Railroad 

Atlantic and Western Railway 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co, 

Atlantic Coast Line Railroad 

Seaboard Air Line Railway 

Western Union Telegraph Co 



Duplin Telephone Co. 



Atlantic Coast Line Railroad 

Western Union Telegraph Co 

American Telephone and Telegraph Co. 



Mile- 
age. 



1.00 



.15 
1.50 



.48 



1.00 



.50 



.64 



.57 



.50 

1.00 

.81 



.56 
.40 



.50 



Valuation 
per Mile. 



$19,712.67 



i, 215. 66 



2,715.94 
29,192.50 



4,718.85 
29,132.93 



29, 132. ! 



,333.33 



29,192.50 



29, 192. 50 



29, 192. 50 

29, 192. 50 
2,000.00 



29,192.50 
19,712.67 



29,192.50 



Total 

Assessed 

Value. 



$ 21,289.68 
205. 00 

8,215.66 
60.00 

407.39 

43,788.75 

312.83 

91.20 

2,265.04 

31,463.60 
147.87 

29,132.93 
109. 09 
166.00 

1,666.66 
500.00 

18,683.20 
86.06 

16, 639. 72 
70.36 

14,596.25 

29,192.50 

1,620.00 

209.36 

122.00 

16,347.81 

7,885.07 

195.44 

40.00 

14,596.25 
141.63 
151.60 



126 



K". C. CORPORATION COMMISSION". 



STATEMENT X— Continued. 



Town. 



Name of Road or Other Company. 



Mile- 
age. 



Valuation 
per Mile. 



Total 

Assessed 

Value. 



Kernersville- 



Keyser 



Southern Railway Co 

Western Union Telegraph Co 

Kernersville Telephone Co 

Southern Bell Telephone and Telegraph Co. 
Good Will Telephone Co. 



Seaboard Air Line Railway 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 



Kings Mountain 



Kinston 

Kittrell 

La Grange- 

Lattimore - 

Laurinburg 

Lawndale - 
Leaksville - 



Atlanta and Charlotte Air Line Railway ■ 
Western Union Telegraph Co 

Piedmont Telephone Co. 

American Telephone and Telegraph Co.- 



Atlantic Coast Line Railroad - 



Norfolk and Southern Railway— A. and N. C. 
Division 



Western Union Telegraph Co. 

Carolina Telephone and Telegraph Co. 
Home Telephone and Telegraph Co. -- 



Seaboard Air Line Railway 

Western Union Telegraph Co. 

Home Telephone and Telegraph Co. 

Southern Bell Telephone and Telegraph Co. - 



Norfolk and Southern Railway— A. and N. C. 
Division 



Western Union Telegraph Co 

Carolina Telephone and Telegraph Co. 

Southern Railway— Carolina Division - 

Seaboard Air Line Railway 

Lattimore Telephone Co 



Seaboard Air Line Railway 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 



Lawndale Railroad Co. 



International Telephone Co. 

Southern Bell Telephone and Telegraph Co.. 



1.29 $29,132. 



1.00 19,712.67 



1.53 32,899.67 



.36 



1.06 



1.00 
1.00 



1.25 



.50 



29, 192. 50 



12,228.42 



.30 19,712.67 



12,228.42 



5,953.25 
19,712.67 



19,712.67 



2,759.38 



$ 37,581.50 

208.87 

900.00 

77.00 

25.00 

19,712.67 

358.29 

77.00 

50,336.50 

1,026.05 

2,200.00 

422.40 

10,509.30 

12,962.13 

331.59 

4,584.80 

100. 00 

5,913.80 
149.84 
200.00 
770.00 

10,516.44 

103. 97 

1,000.00 

5,953.25 

19,712.67 

155.00 

24,640.84 

277.26 

5,268.00 

1,379.69 

641.00 
122.00 



ASSESSMENT OF RAILEOAD PKOPERTY. 



127 



STATEMENT X-Continued. 



Town. 



I 



Leicester - 
Lenoir 

Lexington 



Liberty 

Lilesville - 

Lillington 
Lincolnton 

Littleton -. 

Long View 
Louisburg- 

Lowell 



Name of Road or Other Company. 



American Telephone and Telegraph Co. 



Caldwell and Northern Railroad 

Carolina and Northwestern Railroad Co. 

Western Union Telegraph Co 

Lenoir Electric Co 



North Carolina Railroad Co 

Western Union Telegraph Co 

Atlantic Postal Telegraph-Cable Co 

American Telephone and Telegraph Co 

Lexington Telephone Co. 

Southern Bell Telephone and Telegraph Co. 



Mile- 
age. 



Valuation 
per Mile. 



4,088.94 
9, 248. 74 



46.822.19 



Atlantic and Yadkin Railroad- 
Western Union Telegraph Co.- 
Liberty Telephone Co 



1.43 9.997.82 



Seaboard Air Line Railway 

Western Union Telegraph Co 

Wadesboro Telephone Co. 

Southern Bell Telephone and Telegraph Co.- 

Benson Telephone Co 



1.00 



Seaboard Air Line Railway 

Carolina and Northwestern Railroad- 
Piedmont Telephone Co 

Western Union Telegraph Co 



19,712.67 



1.80 19,712.67 
2.12 I 9,248.74 



Seaboard Air Line Railway 

Western Union Telegraph Co 

Atlantic Postal Telegraph-Cable Co. 
Home Telephone and Telegraph Co. 



1.50 



19.712.67 



Southern Railway Co. 



Seaboard Air Line Railway 

Home Telephone and Telegraph Co. 



Atlanta and Charlotte Air Line Railway - 
Western Union Telegraph Co 



.46 29.132.93 
,55 i 19,712.67 



.96 32,899.67 



Total 
^ssessec 
Value. 



212.00 

2,371.58 

5.549.25 

69.00 

2, 000. 00 

86,621.05 
531.68 
135. 00 
422.40 
1,200.00 
110.00 

14,296.90 

166. 63 

1.728.00 

19,712.67 
369.68 
500.00 
166.00 

40.00 

35,482.81 

19,607.25 

3,300.00 

210.45 

29,569.01 
432. 52 
200.00 
500.00 

13,401.15 

10,841.97 
2,250.00 

31.583.70 
645.41 



128 



N. C. CORPORATION^ COMMISSION". 



STATEMENT X-Continued. 



Town. 



Name of Road or Other Company. 



Mile- 
age. 



Valuation 
per Mile. 



Total 
^ssessec 
Value. 



Lucama 

Lumber Bridge 
Lumberton 

Macclesfield — 
Macon 

Madison 

Magnolia 

Maiden 

Manly 

Margarettsville 
Marion 

Marshall 

Marshville 



Atlantic Coast Line Railroad 

Western Union Telegraph Co 

American Telephone and Telegraph Co. 

Atlantic Coast Line Railroad 

American Telephone and Telegraph Co. 



Seaboard Air Line Railway 

Lumberton Telephone Co 

Western Union Telegraph Co. 

Virginia and Carolina Southern Railroad 

East Carolina Railway 



Seaboard Air Line Railway — 
Western Union Telegraph Co. - 

Atlantic and Yadkin Railroad - 
Norfolk and Western Railway 
Western Union Telegraph Co.- 



Atlantic Coast Line Railroad 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 

Carolina and Northwestern Railroad 

Western Union Telegraph Co 



Seaboard Air Line Railway 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 

Seaboard Air Line Railway 



Southern Railway Co 

Southern Railway— Carolina Division 
Western Union Telegraph Co 



Southern Railway Co 

Western Union Telegraph Co. 



Seaboard Air Line Railway 

Southern Bell Telephone and Telegraph Co. 



.53 



$29,192.50 



1.00 



1.00 



.56 
1.69 



1.00 



1.00 



1.00 



1.00 
1.52 



1.03 



1.00 



29,192.50 



19,712.67 



3,000.00 
2,715.94 
19,712.67 



9,997.82 
17,412.91 



29,192.50 



9,248.74 



19,712.67 



19,712.67 

29, 132. 93 
5,953.25 



29,132. 



19,712.67 



$ 15,472.02 
181.38 
204.40 

29, 192. 50 
242.40 

19,712.67 

1,500.00 

93.27 

1,500.00 

1,357.97 

16,755.77 
321.62 

5,598.80 

29,427.82 

223. 60 

29,192.50 

312. 10 

89.00 

9,248.74 
121.21 

19,712.67 
369.68 
144.00 

19,712.67 

44,282.10 

3,571.95 

203.32 

30,006.95 
197.78 

19,712.67 
177.00 



ASSESSMENT OF EAILEOAD PROPEETY. 



129 



STATEMENT X-Continued. 



Town. 



Name of Road or Other Company. 



Mile- 
age. 



Valuation 
per Mile. 



Total 

Assessed 

Value. 



Matthews 

Maxton 

Mayodan 

Maysville 

McFarland 

Mebane 

Merry Oaks 

Micro 

Middleburg 

Milton 

Mineral Springs 
Mocksville 

Moncure 

Monroe 



Seaboard Air Line Railway 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 



Atlantic Coast Line Railroad 

Seaboard Air Line Railway 

Western Union Telegraph Co 

American Telephone and Telegraph Co. 
Carolina Telephone and Telegraph Co. - 

Norfolk and Western Railway Co. 

Atlantic Coast Line Railroad 



Atlantic Coast Line Railroad - 
Western Union Telegraph Co. 



North Carolina Railroad 

American Telephone and Telegraph Co 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 
Mebane-Ridgeville Telephone Co. 



Seaboard Air Line Railway - 
Cape Fear Telephone Co 



Atlantic Coast Line Railroad Co 

American Telephone and Telegraph Co. 



Seaboard Air Line Railway-— 
Western Union Telegraph Co. 
Seaboard Air Line Railway — 



North Carolina Midland Railroad - 
Western Union Telegraph Co 



Southern Bell Telephone and Telegraph Co. 



Seaboard Air Line Railway 

Western Union Telegraph Co 

Monroe Telephone Exchange Co. 

Southern Bell Telephone and Telegraph Co. 



1.50 



$19,712.67 



1.02 
1.28 



1.10 



1.00 



1.00 



.74 



.50 



1.00 



.50 
1.78 



1.48 



29,192.50 
19,712.67 



17,412.91 
29,192.50 
29,192.50 



46,822.19 



19,712.67 



29,192.50 



19,712.67 



19,712.67 
16,440.24 



19,712.67 



$ 29,569.01 
348.47 
210.00 

29,776.35 

25,232.22 

244.47 

321.00 

1,100.00 

19,154.20 

27,149.03 

29,192.50 
136. 72 

46,822.19 

72.00 

150.42 

166.00 

115.00 

14,587.38 
71.25 

14,596.25 
140.00 

19,712.67 

18.51 

9,856.33 

29, 263. 65 
60.60 

948.00 

29,174.75 

418. 16 

1,850.00 

232.00 



Corp. 2 9 



130 



N. C. CORPORATION COMMISSION. 



STATEMENT X-Continued. 



Town. 



Name of Road or Other Company. 



Mile- 
age. 



Valuation 
per Mile. 



Total 

Assessed 

Value. 



Mooresboro 

Mooresville 

Morehead City- - 

Morganton 

Morrisville 

Mortimer 

Morven 

Mount Airy 

Mount Gilead— 
Mount Holly 

Mount Olive 

Mount Pleasant '■ 



Southern Railway— Carolina Division 



Southern Railway Co 

Western Union Telegraph Co. 

Mooresville Telephone Co 

Southern Bell Telephone and Telegraph Co. 
North Carolina Midland Railroad Co. 



Norfolk and Southern Railway— A. and N. C. 
Division 



Western Union Telegraph Co 

Morehead City Telephone Co. 

Home Telephone and Telegraph Co. 



Southern Railway Co. 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 

North Carolina Railroad 

Western Union Telegraph Co 

American Telephone and Telegraph Co 

Southern Bell Telephone and Telegraph Co. 

Caldwell and Northern Railroad 

Atlantic Coast Line Railroad 

Western Union Telegraph Co. 



Atlantic and Yadkin Railroad 

Western Union Telegraph Co 

Southern Bel! Telephone and Telegraph Co. 
Mt. Airy Telephone Co 



Mt. Gilead Telephone Co. 



1.00 
2.02 



.20 



2.78 



Seaboard Air Line Railway 

Piedmont Telephone Co. 

Western Union Telegraph Co.- 



Atlantic Coast Line Railroad 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 

Concord Telephone Co. 



1.52 



2.00 
1.00 



2.01 



1.30 



$ 5,953.25 
29,132.93 



16,440.24 



12,228.42 



29,132.! 



,822.19 



4,088.94 
29, 192. 50 



,997.82 



19,712.67 



.90 



29, 192. 50 



$ 5,953.25 

58, 848. 52 

206.06 

2,860.00 

144.00 

3,288.05 

33,995.00 
258. 18 
800.00 
200.00 

44,282.05 

264.32 

6,240.00 

28,093.35 
107.87 
45.60 
782.00 

8, 177. 88 

29,192.50 
121.21 

20,095.60 

159.24 

110.00 

5,000.00 

500.00 

25,626.47 
500.00 
121.21 

26,273.25 

165.41 

4,129.00 

133.35 



ASSESSMEJ^T OF EAIEROAD PEOPEETY. 



131 



STATEMENT X-Continued 



Town. 



Name of Road or Other Company. 



Mile- 
age. 



Valuation 
per Mile. 



Total 

Assessed 

Value. 



Murfreesboro- 



Murphy 



Nashville - 



New Bern- 



New Hill . 



New London 



Newport 



Newton 



North Wilkesboro. 



Norwood 



North State Telephone Co. 



Southern Railway Co. 

Louisville and Nashville Railroad 

Western Union Telegraph Co 

Cherokee Telephone Co 



Atlantic Coast Line Railroad 

Western Union Telegraph Co 

Home Telephone and Telegraph Co. - 

Atlantic Postal Telegraph-Cable Co. 
Atlantic Coast Line Railroad Co 



Norfolk and Southern Railway— A. and N. C. 
Division 



Western Union Telegraph Co 

Home Telephone and Telegraph Co. 
Norfolk and Southern Railway 



Cape Fear Telephone Co 

Southern Bell Telephone and Telegraph Co. 
Seaboard Air Line Railway 



Yadkin Railroad Co 

Western Union Telegraph Co. 



Norfolk and Southern Railway — A. and N. C. 
Division 



Western Union Telegraph Co 

Home Telephone and Telegraph Co. - 



Southern Railway Co. 

Carolina and Northwestern Railroad 

Western Union Telegraph Co 

Piedmont Telephone Co 

Southern Bell Telephone and Telegraph Co. 



Southern Railway Co. 

Western Union Telegraph Co. 



Yadkin Railroad Company 

Western Union Telegraph Co 

Norwood Electric and Water Co.- 



.83 
1.24 



.67 



1.20 
1.17 



1.50 
1.65 



1.02 



.47 
2.10 



1.49 



35 5,985.37 



29,132.93 
6,000.00 



29,192.50 



29, 192. 50 
12,228.42 



9.952.05 



19,712.67 
5,985.37 



12,228.42 



29,132.93 
9,248.74 



29,132. 



; 850. 00 

24,180.35 

7,440.00 

100. 60 

500. 00 

19,558.97 

81.21 

100.00 

59.50 
35,031.00 

14, 307. 25 

501.17 

6,000.00 

5,374.10 

47.45 

782. 00 

29,569.00 

9,875.90 
88.20 

12,473.00 
99.69 
100. 00 

13,692.50 
19,422.30 

351.32 
1,800.00 

264. 00 

43,408.10 
121.21 

2,094.88 

12.12 

1,663.00 



132 



N. C. COBPORATIO]^ COMMISSIOlSr. 



STATEMENT X-Continued. 



Town. 



Name of Road or Other Company. 



Mile- 



Valuation 
per Mile. 



Total 

^ssessei 
Value. 



Oak City 
Oakley -- 
Old Fort- 



Old Richmojid 

Ore Hill 

Oriental 



Orrum- 
Oxford 



Pactolus- 
Parkton - 
Parmele - 



Panteg-o-- 
Peachland 



Pelham — 
Pembroke 



Pikeville 



Atlantic Coast Line Railroad- 
Atlantic Coast Line Railroad- 



Southern Railway Co. 

Western Union Telegraph Co. - 



Dosier Telephone Co 

Atlantic and Yadkin Railroad 



Western Union Telegraph Co.-- 
Norfolk and Southern Railway - 

Atlantic Coast Line Railroad --- 



Southern Railway Co. 

Oxford Coast Line Railroad Co. 

Western Union Telegraph Co 

Home Telephone and Telegraph Co. 
Granville Telephone Co 



Atlantic Coast Line Railroad- 
Atlantic Coast Line Railroad- 



Pilot Mountain 



Pinehurst 



Atlantic Coast Line Railroad- 
Western Union Telegraph Co. 



Norfolk and Southern Railway - 



Southern Bell Telephone and Telegraph Co. 
Seaboard Air Line Railway 



Southern Bell Telephone and Telegraph Co. 



Atlantic Coast Line Railroad- 
Seaboard Air Line Railway — 



Atlantic Coast Line Railroad- - 
Western Union Telegraph Co,- 



Atlantic and Yadkin Railroad 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 

Southern Bell Telephone and Telegraph Co. 



1.00 
.45 
.76 



29,192.50 
$29,192.50 
29,132.93 



1.82 



.51 

1.00 

.70 
.57 



.50 



1.00 



1.00 
1.00 



1.48 



9,997.82 



9,952.05 
29,192.50 



29,132.93 
6,552.10 



29,192.50 
29,192.50 
29,192.50 



,952.05 



19,712.67 



29, 192. 50 
19,712.67 

29,192.50 



),997.82 



29,192.50 

$ 13,136.62 

22. 141. 03 
129.38 

142.86 

18,196.00 

61.75 
5,075.50 

29,192.50 

20,393.06 
3,734.70 

199.99 
3,500.00 

800.00 

13,136.63 

23,062.08 

68,894.31 
97.72 

4,976.02 

166.00 
19,712.67 

23.00 

29,192.50 
19,712.67 

18,975.12 
259.04 

14,796.80 
109.00 
110.00 

158.00 



ASSESSMENT OF RAILROAD PROPERTY. 



133 



STATEMENT X-Continued. 



Town. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 




North Carolina Railroad 


1.00 


$46,822.19 


$ 46,822.19 




Western Union Telegraph Co. 


185.45 




Southern Bell Telephone and Telegraph Co.. 
East Carolina Railway 






101.00 


Pinetops 


.45 
1.00 
1.00 


2,715.94 
9,952.05 
29,132.93 


1,222 17 




Norfolk and Southern Railway 


9,952.05 


Pineville 


Southern Railway Co. 


29,132 93 




Southern Bell Telephone and Telegraph Co._ 
Western Union Telegraph Co. 


201.00 








655.41 


Pink Hill . - 


Kinston and Carolina Railroad 


.25 
.33 


2,000.00 
19,712.67 


500.00 


Pittsboro_. 


Seaboard Air Line Railway 


6,505.18 




Pittsboro Telephone Co._ _ 


250.00 


Plymouth _. . 


Atlantic Coast Line Railroad 


.30 

.77 


29,192.50 
9,952.05 


8,757 75 




Norfolk and Southern Railway 


7 663 00 




Western Union Telegraph Co. 


44 18 


Polkton_ _ . _ 


Seaboard Air Line Railway . 


.50 


19,712.67 


9,856.34 




Western Union Telegraph Co.. __ _ 


369 68 




Southern Bell Telephone and Telegraph Co. . 
Atlantic Coast Line Railroad 






126.00 


Polloksville 


.49 


29,192.50 


14 304 33 




Western Union Telegraph Co. 


60.60 


Princeton _ _ _ 


North Carolina Railroad _ 


.40 


46,822.19 


18,728 85 




Southern Bell Telephone and Telegraph Co._ 
Atlantic Coast Line Railroad _ . 


89.00 


Princeville 


.45 

1.00 

1.48 
.99 


29,192.50 

4,718.85 

46,822.19 
19,712.67 


13,136.62 


Raeford 


Aberdeen and Rockfish Railroad 


4 718 85 


Raleigh _ . . 


North Carolina Railroad 


69 296 84 




Seaboard Air Line Railway 


19 515 55 




Western Union Telegraph Co. 


1 109 83 




Atlantic Postal Telegraph-Cable Co. 






72"^ 50 




Raleigh Telephone Co. 






7 500 00 




American Telephone and Telegraph Co. 






134 80 




Capital City Telephone Co. . 






51 786 00 




Norfolk and Southern Railway 


.85 


9,952.05 


8,459.20 



134 



]Sr. C. CORPORATION COMMISSION. 



STATEMENT X-Continued. 



Town. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 

Value. 


Ramseur . _ 


Southern Bell Telephone and Telegraph Co. _ 




$ 


$ 95.00 




Atlantic and Yadkin Railroad 


.75 


9,997.82 


7,498.37 




Western Union Telegraph Co. 






99.69 




Riverside Telephone Co _ 






1,100.00 


Randleman 


High Point, Randleman, Ashboro and 
Southern Railroad . _ 


.77 


10,000.00 


7,700.00 




Western Union Telegraph Co. 






48 48 




Randleman Telephone Co. _ _ 






2,248.00 


Red Springs. _ . 


Atlantic Coast Line Railroad . 


1.00 


29,192.50 


29,192.50 




Red Springs and Bowraore Railroad, 


.50 


1,497.82 


748.91 




Western Union Telegraph Co .. . 






163.63 




American Telephone and Telegraph Co. 






393.60 




Carolina Telephone and Telegraph Co. . 






1,468.17 


Reidsville 


Southern Railway Co. 


1.72 


29,132.93 


50,108.65 




Western Union Telegraph Co . _ _ 






1,061.71 




Atlantic Postal Telegraph-Cable Co._. _ 






150.00 




American Telephone and Telegraph Co. 






712.00 




Southern Bell Telephone and Telegraph Co. 






6,153.00 


Rennert.._ _ 


Atlantic Coast Line Railroad 


2.00 


29,192.50 


58,385.00 


Richlands 


Dover and Southbound Railroad 


25 


2,000 00 


500 00 


Roanoke Rapids . 
Robersonville 


Home Telephone and Telegraph Co. 






125.00 


Atlantic Coast Line Railroad- __ 


1.10 


29,192.50 


32,111.75 










72.73 


Rockingham. 


Seaboard .Air Line Railway 


.50 


19,712.67 


9,856.34 




Southern Bell Telephone and Telegraph Co. 


7,187.00 




Western Union Telegraph Co. 






407.13 


Rocky Mount 


Atlantic Coast Line Railroad 


4 45 


29,192.50 


129,906.63 


Western Union Telegraph Co. 






919.74 




American Telephone and Telegraph Co. 






610.40 




Home Telephone and Telegraph Co. 






5,200.00 


Rocky Point 


Atlantic Coast Line Railroad 

Southern Bell Telephone and Telegraph Co. 


.50 


29,192.50 


14,596.25 
56.00 


Roper 


Norfolk and Southern Railway 


1.20 


9,952.05 


11,942.45 



ASSESSMENT OF EAILEOAD PROPERTY, 



135 



STATEMENT X-Continued. 



Town 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Roseboro . 


Atlantic Coast Line Railroad __ 


.50 


$29,192.50 


$ 14,596.25 




Roseboro and Fayetteville Telephone Co. 






100 00 




Western Union Telegraph Co 






52 70 




Sampson County Telephone Co. 






35.00 


Rose Hill 


Atlantic Coast Line Railroad. 


1.00 


29,192.50 


29,192.50 




Western Union Telegraph Co. 






354.52 


Rosman 


Southern Railway — Carohna Division 


.85 


5,953.25 


3,869.61 


Rowland 


Atlantic Coast Line Railroad 

Lumberton Telephone Co. 


1.00 


29,192.50 


29,192.50 
400 00 




Western L^nion Telegraph Co 






168 96 


Roxboro 


Norfolk and Western Railway. _ .... _ 


.98 


17,412.91 


17,064.65 




Western Union Telegraph Co .. .. 






142.42 


Ruffin 


Southern Railway Co. 


1.00 


29,132.93 


29,132.93 


Rutherfordton 


Southern Railway — CaroUna Division 

Rutherfordton Telephone Co.. 


1.12 


5,953.25 


6,667.64 
1,700.00 




Seaboard Air Line Railway 


.43 


19,712.67 


8,476.45 


Salem 


Southern Railway Co. 


1.12 


29,132.93 


32,628 90 




Southern Bell Telephone and Telegraph Co. 






6,013 00 




Western Union Telegraph Co. 






93 27 




Norfolk and Western Railway 


.31 


17,412.91 


5,398.00 


Salemburg 


Eoseboro and Fayetteville Telephone Co. 






30 00 




Sampson County Telephone Co. 






292 00 


Salisbury.. 


Southern Railwav Co. 


1.35 


29,132.93 


39,329 45 




North Carolina Railroad 


1.40 


46,822.19 


65,551.10 




Yadkin Railroad 


.52 


5,985.37 


3,112.40 




Western Union Telegraph Co. 






1 558 76 




Atlantic Postal Telegraph-Cabie Co . 






295 00 




American Telephone and Telegraph Co.. . 






787 00 




Southern Bell Telephone and Telegraph Co.. 






20,352 00 


Saluda 


Sonthprn T?ail\vav Parnlina F)i'^^it;inn 


1.00 


5,953.25 


5,953.25 
206 05 




Western Union Telegraph Co. 




American Telephone and Telegraph Co 






154.80 



136 



N. C. COEPOBATION" COMMISSION. 



STATEMENT X-Continued. 



Town. 



Name of Road or Other Company. 



Mile- 
age. 



Valuation 
per Mile. 



Total 

Assessed 
Value. 



Saluda 

(Continued.) 



Sanlord. 



Scotland Neck. 



Seaboard. 



Selma. 



Polk County Telephone Co 

Southern Bell Telephone and Telegraph Co. 

Atlantic and Yadkin Railroad 

Atlantic Coast Line Railroad 

Seaboard Air Line Railway 

Western Union Telegraph Co 

Atlantic and Western Railway 

Southern Bell Telephone and Telegraph Co. 

Atlantic Coast Line Railroad 

Western Union Telegraph Co 

Carolina Telephone and Telegraph Co 

Seaboard Air Line Railway 

Western Union Telegraph Co 



Sharon 

Sharpsburg 

Shelby 

Siler City.- 

Skyland... 
Smithfield, 

Snow Hill _ 



North Carolina Railroad 

Atlantic Coast Line Railroad 

Western Union Telegraph Co 

American Telephone and Telegraph Co 

Southern Bell Telephone and Telegraph Co. 

Sharon Telephone Co 



Atlantic Coast Line Railroad 

American Telephone and Telegraph Co 

Southern Railway — Carolina Division.. 

Seaboard Air Line Railway 

Piedmont Telephone Co 

Western Union Telegraph Co 



Atlantic and Yadkin Railroad. 
Western Union Telegraph Co._ 



American Telephone and Telegraph Co. 

Atlantic Coast Line Railroad 

Western Union Telegraph Co 

American Telephone and Telegraph Co. 
Carolina Telephone and Telegraph Co._ 



.56 

.60 

1.25 



.75 



1.00 



1.00 



1.00 
.95 



1.00 



1.40 
1.10 



9,997.82 
29,192.50 
19,712.67 



2,000.00 



29,192.50 



19,712.67 



46,822.19 
29,192.50 



29,192.50 



5,953.25 
19,712.67 



9,997.82 



29,192.50 



Southern Investment Co. 



$ 875.00 
210.00 

5,598.80 

17,515.50 

24,640.84 

953.83 

1,500.00 

215.00 

29,192.50 

121.21 

1,650.00 

19,712.67 
184.84 

46,822.19 

27,732.87 

484.64 

520.00 

2,692.00 

184.00 

29,192.50 
■ 299.60 

8,334.51 

21,683.94 

4,500.00 

389.78 

10,597.70 
142.42 

94.80 

18,975.12 

55.45 

402.00 

2,310.00 

300.00 



ASSESSMEOS^T OF RAILEOAD PROPERTY. 



137 



STATEMENT X-Continued. 



Town. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value 


South Biltmore--- 
Southern Pines 


Asheville Telephone and Telegraph Co 

Seaboard Air Line Railway 


1.46 


$ 

19,712.67 


$ 608.00 
28 780 50 




Western Union Telegraph Co. 


432 52 


Southport 


Wilmington-Southport Telephone and Tele- 
graph Co _ 






100.00 


Speed.. _ - 


Atlantic Coast Line Railroad . 


.64 


29,192.50 


18,683 21 


Spencer _ 


Southern Bell Telephone and Telegraph Co.. 
International Telephone Co. 


3 , 869 . 00 


Spray . _ 






641 00 


Springhope ... 


Atlantic Coast Line Railroad... . . 


.67 


29,192.50 


19,559.00 




Western Union Telearaph Co.. 


72.73 




Home Telephone and Telegraph Co. 






100 00 


Staley 


Atlantic and Yadkin Railroad 


.87 
.50 


9,997,82 
19,712.67 


8 698 10 


Stanley Creek 


Seaboard Air Line Railway 


9 856 34 




Western Union Telegraph Co _. . _ 


100.00 


Star. _ _ -- 


Aberdeen and Ashboro Railroad 


1.00 
1.00 

1.75 


3,475.61 
2,929.20 

29,132.93 


3 475 61 




Durham and Charlotte Railroad. . 


2,929 20 


Statesville . ._ _ 


Southern Railway Co. 


50 982 65 




Western Union Telegraph Co. . . _ _ _ 


386.83 




Southern Bell Telephone Co. __ ... 






20,304.00 




Iredell Telephone Co. 






7 940 00 


Stokes 


Atlantic Coast Line Railroad 


.04 


29,192.50 


18 683 21 


Stokesdale. _. 


Good Will Telephone Co 


100.00 




Atlantic and Yadkin Railroad.. . ... __ 


2.70 
1.03 


9,997.82 
17,412.91 


26,994.10 


Stone ville 


Norfolk and Western Railway 


17 935 00 




Western Union Telegraph Co. 


123 90 


Stovall 


Home Telephone and Telegraph Co 






75 00 




Southern Railway ... _ _ _ . . _ 


1 14 
1.73 


29,132.93 
29,132.93 


33,211.50 


Sylva 


Southern Railway 


50 399 97 




W^estern Union Telegraph Co. .. ... 


81 21 




Waynesville Telephone Co.- _ ... _ 






250.00 


Tabor 


Atlantic Coast Line Railroad 


1.02 


29.192.50 


29,776.35 



138 



N. C. COKPOEATION COMMISSION. 



STATEMENT X-Continued. 



Town. 



Name of Road or Other Company. 



Mile- 
age. 



Valuation 
per Mile. 



Total 

Assessed 
Value. 



Tarboro. 



Taylorsville- 



Teacheys- 



Thomasville. 



Trinity 



Trout man. 



Troy. 



Tryon. 



Atlantic Coast Line Railroad 

East Carolina Railway 

Western Union Telegraph Co 

Carohna Telephone and Telegraph Co. 



Southern Railway Co 

Western Union Telegraph Co 

Southern Bell Telephone and Telegraph Co. 
Peoples Telephone Co 



Atlantic Coast Line Railroad. 
Teacheys-Dell Telephone Co.. 



North Carolina Railroad 

Western Union Telegraph Co 

Atlantic Postal Telegraph-Cable Co 

Southern Bell Telephone and Telegraph Co. 
Thomasville Telephone Co 



High Point, Randleman, Ashboro and 
Southern Railroad 



Western Union Telegraph Co.. 



Southern Railway Co 

Southern Bell Telephone and Telegraph Co. 

Aberdeen and Ashboro Railroad 

Troy Telephone and Electric Light Co 



Union City. 

University. 
Vandemere. 
Vaughan... 



Western Union Telegraph Co 

-American Telephone and Telegraph Co 

Polk Cou nty Telephone Co 

Southern Railway — Carolina Division 

Southern Bell Telephone and Telegraph Co. 

Atlantic Coast Lin,e Railroad 

North State Telephone Co 



Southern Bell Telephone and Telegraph Co. 
Washington and Vandemere Railroad 



Seaboard Air Line Railway... 
Western Union Telegraph Co. 



1.67 
.10 



2,00 



.76 



1.00 



1.03 



1.05 



$29,192.50 
2,715.94 



29,132.93 



29,192.50 



46,822.19 



10,000.00 



29,132.93 



3,475.61 



5,953.25 



29,192.50 



2,212.50 
19,712.67 



$ 48,751.47 

271.59 

505.69 

4,698.10 

13,692.50 

44.85 

1,191.00 

1,300.00 

26,565.18 
200.00 

93,644.38 

992.01 

116.25 

222.00 

1,520.00 

7,600.00 
96.97 

29,132.93 
144.00 

868 90 
800.00 

1*^5.44 
103.20 
600.00 
6,131.85 
210.00 

30,652.12 
50.00 

66.00 

1,327.50' 

11,236.22 
303.17 



ASSESSMENT OF RAILROAD PROPERTY. 



139 



STATEMENT X-Continued. 



Town. 


Name of Road or Other Company. 


Mile- 
age. 


Valuation 
per Mile. 


Total 

Assessed 
Value. 


Vienna 


Dosier Telephone Co. 




$ 


$ 57 14 




Seaboard Air Line Railway.. 


1.00 


19,712.67 


19.71? 67 


Wadesboro 


Wadesboro Telephone Co. 


3 500 00 




Norwood Flectric and Water Co. 






100 00 




Southern Bell Telephone and Telearaph Co._ 






143.00 




Seaboard Air Line Railway 


1.00 

.38 


19,712.67 
29,192.50 


19 71'' 67 




A-tlantic Coa.-t Line Railroad 


7 490 81 




Western Union Teleeraph Co._ _ _ . 


562 . 44 


Wadesville 


Troy Telephone and Electric Co. 






."0 00 


Wake Forest 


Seaboard Air Line Railway 


1.00 


19,712.67 


19 712 67 




Western Union Telegraph Co. _ _ _ 


369 80 




Atlantic Postal Telegraph-Cable Co. ___ 






ISO 00 




Home Telephone and Telegraph Co 






100 00 




Soutliern Bell Telephone and Telegraph Co. _ 
Atlantic Coast Line Railroad 






408 00 


Wallace 


1.00 


29,192.50 


29 192 50 




Western Union Telegraph Co 


209.11 




Wallace Telephone Co.-- . _- 






500.00 


Warrenton 


Western Union Telegraph Co. 






133 90 




Atlantic Postal Telegraph-Cable Co.. _. 






245 00 




Home Telephone and Telograph Co. . 






1 500 00 


Warsaw 


Atlantic Coast Line Railroad 


1.4G 


29,192.50 


42 6''1 05 




Western Union Telegraph Co. _ __ . 


452 09 




Duplin Telephone Co. 






60 00 




Southern Bell Telephone and Telegraph Co.. 






89,00 


Washington 


Atlantic Postal Telegraph-Cable Co. . 






71 50 




Atlantic Coast Line Railroad Co 

Norfolk and Southern Railway 


.97 
.68 


29,192.50 
9,952.05 


28,316.73 
767 40 




Western Union Telegraph Co.- 


163 63 




Carolina Telephone and Telegraph Co. _ 






5.500 00 


Waxhaw 


Washington and Vandemerc Railroad 

Western L^nion Telesiraph Co. 


.10 


2,212.40 


221.25 
105 45 




Seaboard Air Line Railway , 


.31 


19,712.67 


6,110.92 



140 



IN". C. CORPORATION COMMISSIOI^. 



STATEMENT X-Continued. 



Town. 



Name of Road or Other Company. 



Mile- 
age. 



Valuation 
per Mile. 



Total 

Assessed 
Value. 



Waynesville. 



Weldon. 



Wilson. 



Southern Railway Co 

Western Union Telegraph Co 

Asheville Telephone and Telegraph Co. 
Waynesville Telephone Co 



Atlantic Coast Line Railroad 

Seaboard Air Line Railway 

Western Union Telegraph Co 

American Telephone and Telegraph Co. 
Home Telephone and Telegraph Co 



Wendell 

Wentworth__. 
West Hickory 
Whitakers 

Whiteville 

Whittier 

WilUamston__ 

Wilmington. _ 



Norfolk and Southern Railway. 

International Telephone Co 

Southern Railway Co 



Atlantic Coast Line Railroad 

Western Union Telegraph Co 

American Telephone and Telegraph Co. 



Atlantic Coast Line Railroad 

Southern Bell Telephone and Telegraph Co. . 
Western Union Telegraph Co 



Southern Railway Co. 



Atlantic Coast Line Railroad. 
Western Union Telegraph Co. 
Williamston Telephone Co 



Atlantic Coast Line Railroad 

Seaboard Air Line Railway 

W^estern Union Telegraph Co 

Atlantic Postal Telegraph-Cable Co 

Southern Bell Telephone and Telegraph Co. 

Atlantic Coast Line Railroad 

Western Union Telegraph Co 

American Telephone and Telegraph Co 

Carolina Telephone and Telegraph Co 

Norfolk and Southern Railway 

Atlantic Postal Telegraph-Cable Co 



L04 



$29,132.93 



1.20 

.72 



1.00 



.50 
1.00 



1.06 



1.00 



1.18 



4.44 
1.00 



1.35 



29,192.50 
19,712.67 



9,952.05 



29,132.93 
29,192.50 



29,192.50 



29,132.93 



29,192.50 



29,192.50 
19,712.67 



29,192.50 



9,952.05 



$ 30,298.25 

112.72 

122.00 

3,000.00 

35,031.00 

14,193.15 

666.02 

266.40 

1,200.00 

9,952.05 

113.00 

14,566.46 

29,192.50 
504.60 
292.00 

30,944.05 
308.00 
250.00 

29,132.93 

34,447.15 

42.51 

700.00 

129,614.70 

19,712.67 

1,512.41 

225.00 

81,934.00 

23,645.92 

508.87 

408.00 

10,225.00 

13,435.25 

59.50 



ASSESSMEI^T OF BAILEOAD PROPERTY. 



141 



STATEMENT X-Continued. 



Town. 



Name of Road or Other Company. 



Mile- 
age. 



Valuation 
per Mile. 



Total 

Assessed 
Value. 



Windsor. 



WinfalL 



Wingate- 



Winston. 



Wellington and Powellsville Railroad. 
Chowan and Roanoke Telephone Co._ 



1.50 



$ 2,250. 



Norfolk and Southern Railway. 
Western Union Telegraph Co.... 



.50 



Winterville. 

Winton 

Worthville.. 

Wrightsville 
Beach 

Youngsville. 
Zebulon 



Seaboard Air Line Railway 

Southern Bell Telephone and Telegrapli Co. 

Southern Railway Co 

North Carolina Midland 

Norfolk and Western Railway 

Western Union Telegraph Co 

Atlantic Postal Telegraph-Cable Co 

Southern Bell Telephone and Telegraph Co. 

Atlantic Coast Line Railroad 



1.00 



2.20 
1.48 
2.00 



North State Telephone Co 

Southern Bell Telephone and Telegraph Co.. 

Southern Bell Telephone and Telegraph Co.. 

Southside Telephone Co 

Southern Bell Telephone and Telegraph Co.. 
Seaboard Air Line Railway 

Home Telephone and Telegraph Co 



Norfolk and Southern Railway. 



9,952.05 



19,712.67 



29,132.93 
10,440.24 
17,412.91 



29,192.50 



19,712.67 



.68 



9,952.05 



$ 3,375.00 
1,000.00 

4,976.02 



19,712.67 
231.00 

64,092.45 
24,331.55 
34,825.82 
586.89 
76.25 
20,264.00 

9,925,45 

550.00 

67.00 

1,049.00 

25 00 

67.00 

9,856.33 

100.00 

6,767.40 



142 



K". C. COEPORATIOK^ COMMISSION". 



COMPILATION FROM RAILROAD RETURNS FOR THE YEAR ENDING JUNE 30, 1908. 

ATLANTIC COAST LINE RAILROAD COMPANY. 

OFFICERS. 



Title. 



Name. 



Location of Office. 



Chairman of the Board 

President 

First Vice-President 

Second Vice-President 

Third Vice-President 

Secretary 

Treasurer 

General Counsel 

Comptroller 

Auditor, Passenger Receipts 

Auditor, Freight Receipts 

Auditor, Disbursements 

General Manager 

Chief Engineer 

General Superintendent, First Division -- 
Asst. Gen. Superintendent, First Division 
General Superintendent, Second Division - 
General Superintendent, Third Division - 

General Superintendent Motive Pow^er 

Superintendent of Telegraph 

Freight Traffic Manager 

Passenger Traffic Manager 

General Freight Agents 

Assistant General Freight Agent 

General Passenger Agent 



H. Walters 

T. M. Emerson 

Alexander Hamilton 

C. G. Gadsden 

J. R. Kenly 

H. L. Borden 

James F. Post 

Alexander Hamilton 

H. C. Prince 

Geo, S. LeGrand 

Ed. L. Prince 

H. H. McKee 

W. N. Royall 

E. B. Pleasants 

W. H. Newell 

J, F. Divine 

J. N. Brand 

M. Riddle 

R. E. Smith 

W. P. Cline 

R. A. Brand 

W. J. Craig 

J. W. Perrin, J. Menzies 

C. McD. Davis 

T. C. White 



New York, N. Y. 
Wilmington, N. C. 
Petersburg, Va. 
Charleston, S. C. 
Wilmington, N. C. 
New York, N. Y. 
Wilmington, N. C. 
Petersburg, Va. 
Wilmington, N. C. 
Wilmington, N. C. 
Wilmington, N. C. 
Wilmington, N. C. 
Wilmington, N. C. 
Wilmington, N. C. 
Rocky Mount, N. C. 
Wilmington, N. C. 
Savannah, Ga. 
Jacksonville, Fla. 
Wilmington, N. C. 
Wilmington, N. C. 
Wilmington, N. C. 
Wilmington, N. C. 
Savannah, Ga. 
Wilmington, N. C. 
Wilmington, N. C. 



DIRECTORS. 

Henry Walters, Baltimore, Md.; Michael Jenkins, Baltimore, Md.; Waldo Newcomer, Baltimore, 
Md.; Morton F. Plant, Groton, Conn.; Warren Delano, Jr., New York; Frederick W. Scott, Richmond, 
Va.; Edwin B. Borden, Goldsboro, N. C; Donald McRae, Wilmington, N. C; Henry B. Short. Lake 
Waccamaw, N. C; James J. Lucas, Society Hill, S. C; Alexander Hamilton, Petersburg, Va.; Wm. 
W. Mackall, Savannah, Ga. 



ATLAW^TIC COAST LINE RAILEO.\D COMPANY. 



143 



PROPERTY OPERATED-State of North Carolina. 





Terminals. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 
Line for 


Name. 


From— 


To— 


Each Class 
of Roads 
Named. 




Virginia State Line — 
Weldon 


Garysburg Jet 

S. C. State Line 


6 88 






172. 60 










105 00 






Wilmington 


Wilmington Railway 
Bridge (Hilton) 


1.83 






Wilmington Railway 
Bridge (Navassa) — 


S. C. State Line 


63.22 








Virginia State Line — 


80 49 








116 40 










13 90 










34 57 






Maxton Jet 


Maxton 


.45 






Pender 


Kinston 


595.34 


Branch Lines 


85 82 




Tarboro Jet 


Plymouth - ' 


53 89 






Parmele Jet. 


Washington 


25.39 






Rocky Mount 


Spring Hope 


19 20 






Goldsboro Jet 


Smithfield 


21 50 


* 




Warsaw 


Clinton 


13 43 






W^ilmington 


New Bern 


86 21 






Castle St., Wilmington 
Elrod 


Fernside 


4 11 






S. C. State Line 


46.38 






Gibson 


S. C. State Line 


.37 


356.30 








Various points 






56 64 


Leased Lines — 








Tidewater Power Co. 


Wilmington Dummy 
Line. 






1 25 


Trackage Rights— 








Seaboard Air Line Ry. -- 


Garysburg Jet 

Hilton 


Weldon - 


2 39 






2.46 










4.85 






Total 


1,014.38 











144 



N. C. COEPOEATION COMMISSION. 



PROPERTY OPERATED-Entire Line. 



Name. 



Main Line 



Branches . 



Terminals. 



From— 



Richmond — 
Norfolk — - 
Contentnea- 



Yadkin Junction 
(Wilmington) -- 



Wilmington 

Wilmington Railway 
Bridge (Navassa) -- 



Parkton 

Florence 

Sumter 

Florence 

Sumter 

Jesup 

Waycross 

Brunswick 

Dupont Junction 

Morriston 

Palatka 



Paola Junction 

; Clopton 

Colliers 

Bruce 

Spur 

Drivers 

Armistead 

Pender 

Tarboro Junction-— 
Parmele Junction -- 

Rocky Mount 

Goldsboro Junction- 
Warsaw 

Wilmington 



Castle Street (Wil- 
mington) 



Elrod - 
Floyd - 



To— 



Port Tampa 

Rocky Mount 

Wilmington 

Sanford 

Wilmington Railway 
Bridge (Hilton) 

Pee Dee 

S. C. State Line 

Wadesboro 

Bennettsville 

Columbia 

Bobbins 

Montgomery 

Folkston 

Albany Junction 

Archer 

Fort Myers 

Gainesville & Brooks 
ville 

St. Petersburg 

James River--^ 

Dunlop 

Pig Point 

Pig Point Branch — 

Beach Grove 

S. & R. Connection -- 

Kinston 

Plymouth 

Washington 

Spring Hope 

Smithfield 

Clinton 

New Bern 

Fernside 

Conway 

Hartsville 



Miles of 

Line for 

Each Road 

Named. 



897.34 
114. 87 
105.00 

116.40 

1.83 
92.89 
35.02 
64.52 
62.95 
81.70 
98.50 
353.21 
34.00 
168.78 
117.74 
211.70 

145.00 
145. 13 



4.55 

6.51 

5.48 

1.05 

1.55 

1.13 

85.82 

53.89 

25.39 

19.20 

21.50 

13.43 

86.21 

4.11 
71.38 
10.00 



Miles of 
Line for 
Each Class 
of Roads 
Named. 



2, 846. 58 



ATLAI^TIO COAST LINE RAILROAD COMPANY. 



145 



PROPERTY OPERATED— Entire Line— Continued. 



Name. 



Terminals. 



From- 



To- 



Miles of 

Line for 

Each Road 

Named. 



Miles of 
Line for 
Each Class 
of Roads 
Named. 



Branches — Continued- 



Bennettsville- 

Latta 

Elliott 

Creston 

Eutawville --- 



Gibson 

Clio 

Lucknow - 
Pregnalls- 
Ferguson- 



Ashley River Railroad 
Branch 



John's Island 
Ravenel 



Ashley River - 



Yonge's Island and 
Branches 



Green Pond 

Albany 

Climax 

Otiska 

Grimes 

Waterford 

Sprague 

Lake City Junction-— 

High Springs 

Juliette 

Gulf Junction 

Bartow 

Rochelle 

Micanopy Junction-— 

Oaklawn 

Leesburg Junction --- 

Okahumpka 

Deland Junction 

Sanford 

Sanford 

Astor 



Ehrhart 

Monticello 

Chattahoochee -- 

Amsterdam 

Abbeville 

Elba 

Luverne 

LakeCity 

Gainesville 

Ocala 

Homosassa 

Bartow Junction 

Gainesville 

Tacoma 

Citra 

Leesburg 

Yalaha 

Deland 

Lake Eustis 

Lake Charm 



Leesburg and Fort 
Mason to Lane Park- 



Kissimmee 

Kissimmee 

Thonotosassa Junct'n 
Milldale 



Spurs - 



Various points Factories, Mills, etc 



Apopka 

Narcoossee--- 
Thonotosassa- 
Wilcox 



10.82 
19.78 
16.48 
40.81 
6.16 

4.50 
8.70 

21.02 

37.67 

82.47 

30.83 

10.30 

26.90 

37.22 

32.92 

18.90 

23.60 

20.36 

21.88 

16.20 

9.37 

8.36 

6.40 

1.33 

6.56 

4.00 

28.62 

17.60 

47.42 
34.00 
14.40 
13.33 
103.97 



1,194.08 
225.66 



Corp. 2 10 



146 



-N. C. CORPORATION COMMISSION". 
PROPERTY OPERATED-Entire Line— Continued. 





Terminals. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 
Line for 


Name. 


From— 


To- 


Each Class 
of Roads 
Named. 


Leased Lines— 

South Carolina Pacific 
Railway 


Bennettsville 


North Carolina State 


10.50 
40.20 

1.25 

27.79 










Central Railroad of South 






Tidewater Power Co 


Wilmington Dummy 






Winston and Bone Valley 
Railroad 


Winston 


Tiger Bay, Fla 

Weldon 






Garysburg Junction- 


79.74 


Trackage Rights- 
Seaboard Air Line Rail- 


2.39 
19.62 

2.46 
28.80 

3.71 

1.00 

2.59 




Morriston, Fla 

Navassa 




Wilmington Railway 
Bridge 


Hilton 




Charleston and Western 
Carolina Railway 

Savannah Union Station 
Company - 








Telfair Junction 

Georgia Junction 

Belt Line 


Union Station | 

Division Line———- ) 




Belt Line Railway of Mont- 

BTimprv A In 




Jacksonville Terminal 


Jacksonville Termi- 
nal Line 


Union Station 


* 










60.57 


Total mileage ope- 
rated 




4 406.63 













ATLANTIC COAST LINE RAILROAD COMPANY. 



147 






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148 



If. C. COEPORATION COMMISSION". 









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ATLANTIC COAST LINE RAILROAD COMPANY. 



149 



6,650.00 
250,000.00 


8| 
11 

OS 


1,400,000.00 
3,300.00 


8 

i 

«3 




6,650.00 
250,000.00 


1,119,404.00 

1,400,000.00 
3,300.00 


CD 




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Mar. and Sep. 




May and Nov. 
When earned 


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1 




180,000 
5,000,000 


1 


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66,000 


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1 




1910 
1952 




1903 
1907 

1902 
1887 




Freight Certificates— 

J. & S. W. R. R. Co 

A. C. L. R. R. Co.— three-year gold 
notes 


o 
H 


Collateral Trust Bonds: 

A. C. L. R. R. Co.— L. & N. R. R. 
Coll 

Income Bonds: 

B. & W. R. R. Co 


1 





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W. C. CORPOEATIOAT COMMISSION. 



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ATLANTIC COAST LINE EAILKOAD COMPANY. 



151 



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152 



]Sr. C. CORPORATION COMMISSION. 



RECAPITULATION OF CAPITALIZATION. 



Account. 


Total Par 

Value 

Outstanding. 


Assignment 

to 

Railways. 


Amount per Mile of Line. 


Miles. 


Amount. 


Capital stock - 


$ 50.134,200 
145.393,550 


$ 50,134,200 
145,393,550 


4,273.37 

4,273.37 


$ 11,732 
34,023 






Total - _ _ 


195,527,750 


195,527,750 


4,273.37 


45,755 





CURRENT ASSETS AND LIABILITIES. 



CASH AND CURRENT ASSETS. 

Cash 

Bills receivable 

Due from agents 

Due from solvent companies and individuals 

Traffic balances due from other companies 

Other cash assets (excluding materials and supplies) 

Cash deposited to pay coupons 

Cash deposited to pay equipment trust bonds 

Total— Cash and current assets 

Total 

CURRENT LIABILITIES. 

Loans and bills payable 

Audited vouchers and accounts ) 

Wages and salaries J 

Traffic balances due to other companies 

Dividends nofcalled for 

Matured interest coupons unpaid (including coupons due July 1) 

Miscellaneous 

Total— Current liabilities 

Balance— Cash assets 

Total 



$ 4,241,487.75 
649,786.93 
700,458.79 
2,161,885.73 
382,833.71 
303,390.24 
434,475.84 
150,000.00 



9,024,318.99 



9,024,318.99 



125,000.00 
1,502,348.12 

463,607.23 
1,221,590.75 

437,755-84 
2,886,521.99 



6,636,823.93 
2,387,495.06 



9,024,318.99 



Materials and suppHes on hand. $2,088,043.45. 



ATLANTIC COAST LINE RAILROAD COMPANY. 



153 



ADDITIONS AND BETTERMENTS EXPENDITURES DURING YEAR. 



Account. 



Charged to 
Capital. 



Right of way and station grounds 

Real estate 

Widening cuts and fills 

Grade revisions and changes of line 

Bridges, trestles and culverts 

Increased w^eight of rail 

Additional main tracks 

Sidings and spur tracks 

Terminal yards 

Track elevation, elimination of grade crossings, etc 

Interlocking apparatus 

Block and other signal apparatus 

Station buildings and fixtures 

Shops, enginehouses and turntables 

Shop machinery and tools 

Water and fuel stations 

Dock and wharf property 

Miscellaneous structures 

Reconstruction of road purchased 

Steam locomotives 

Freight train cars 

Work equipment 

Floating equipment 

Total -Entire line 



48,813.95 

17,155.11 

7,045.03 

3,868.21 

122,037.71 

265,135.18 

270,584.94 

110,944.13 

193, 763. 47 

931.64 

3,220.22 

1,774.41 

181,269.89 

264,659.37 

2,150.68 

30, 370. 79 

3,520.58 

9,148.61 

66,574.59 

13,500.00 

4,682.02 

5,831.20 

17,166.85 



1,644,148.; 



154 



N. C. CORPORATION COMMISSION. 



EXPENDITURES FOR ROAD. 



Expenditures 

for Additions 

and Betterments 

During Year, 

Charged to 

Capital. 



Total Cost to 
June 30, 1907. 



Total Cost to 
June 30, 1908. 



Road— 

Engineering 

Right of way and station grounds 

Real estate 

Grading 

Bridges, trestles and culverts 

Ties 

Rails 

Frogs and switches 

Track fastenings and other material 

Ballast 

Track laying and surfacing 

Fencing right of way 

Crossings and signs 

Interlocking and other signal apparatus - 

Station buildings and fixtures 

Shops, enginehouses and turntables 

Shop machinery and tools 

Water stations 

Fuel stations 

Grain elevators 

Dock and wharf property 

Electric-light plants 

Miscellaneous structures 

Total 



10,461.57 

79,186.92 

29,538.14 

167,721.31 

198,948.46 

88,742.01 

495,567.73 

11,579.40 

28,488.43 

4,817.66 

49.068.32 



2,325.32 

5,980.93 

198,553.30 

273,849.39 



31,793.72 
23,752.22 



3,520.58 



8,926.04 



1,926, 

8,054, 

2,699, 

36,078, 

14, 745, 

4,668, 

19,194, 

763, 

2,696, 

4.700, 

1,792, 

653, 

122, 

15, 

3,957, 

4,221, 

699, 

565, 

312, 

66, 

1,327, 

15, 

7,846, 



204.54 
240.96 

244. 46 
781.61 
449.73 
464.56 

781. 47 
665.34 
905. 78 
567.22 
421.51 
312.06 
061.57 
000.00 
619.71 
088.28 
313.17 
405. 58 
513.83 
000.00 
802. 07 
000. 00 
371.00 



• 2,707, 

36,088, 

14, 880, 

4.737, 

19,690, 

771, 

2,714, 

4.705, 

1.833, 

653, 

124, 

20, 

4.156, 

4,494 

699, 

597, 

336, 

66, 

1,331 

15 

7,855, 



376.34 
494. 62 
015. 85 
275.92 
649.58 
078. 64 
349.20 
597.13 
114.12 
384.88 
873.03 
312.06 
386.89 
980.93 
173.01 
,937.6T 
313.17 
.199.30 
266.05 
000.00 
322.65 
,000.00 
,297.04 



1,712.821.45 



117,122,214.45 



118.505,398.08 



ATLANTIC COAST LINE RAILROAD COMPANY. 



155 



EXPENDITURES FOR EQUIPMENT, GENERAL EXPENDITURES AND RECAPITULATION. 



Account. 



Equipment— 

Steam locomotives 

Passenger train cars 

Freight train cars 

Work equipment 

Floating equipment 

Total 

General Expenditures— 

Law expenses 

Interest and commissions 

Other expenditures 

Total 

Recapitulation— 

Road 

Equipment 

General expenditures 

Total— Entire line- 



Cost of road per mile of line 

Cost of equipment per mile of line 

General expenditures per mile of line- 
Total per mile of line 



Expenditures 

for Additions 

and Betterments 

During Year, 

Charged to 

Capital. 



13,500.00 



4,682.02 
5,831.20 
17, 166. 85 



41,180.07 



1,712,821.45 
41,180.07 



1,754,001.52 



Total Cost to 
June 30, 1907. 



$ 5,234,558.02 

1,904,546.86 

11,233,461.72 

412,609.63 

104,137.00 



18,889,313.23 



473,630.79 

421,248.93 

1,756,937.41 



2.651,817.13 



117,122,214.45 

18,889,313.23 

2,651,817.13 



138,663,344.81 



27,703.79 

4,468.03 

627.26 



32,799.08 



Total Cost to 
June 30, 1908. 



5,248,058.02 

1,904,546.86 

11,238,143.74 

418.440.83 

121,303.85 



•=18,930,493.30 



473, 630. 79 

421,248.93 

1,756,937.41 



2,651,817.13 



118,505,398.08 
18, 930, 493. 30 
2,651,817.13 



140,087,708.51 



27,731.13 

4,429.87 

620. 55 



32,781.55 



*A careful inventory of cost of equipment as of June 30, 1908, made for purpose of charging 
depreciation, shows same to be $24,075,772.66. 



15< 



N. C. CORPORATION COMMISSION. 



INCOME ACCOUNT— Entire Line. 



Operating Income— 








Rail operations : 










$26,029,052.40 
18,971,742.77 








$ 7,057,309.63 
1,072,051.84 








T*Jpt onpra+incT rpvpnnp 






Tavp«5 apprnpH 












Operating income 




S 5 985 2^57 79 


Other Income— 












999.99 




Other rents-Credits : 










190, 398. 58 








64,914.37 






Total - - -— — - - - 




255,312.95 








2,202,298.78 
380, 306. 67 




Interest accrued on funded debt owned or con- 
trolled — — - 






Interest on other securities loans and accounts - 




307,345.27 
59,012.45 
















Total other income - - - - 




3,205,276.11 








Gross corporate income - - - .. - . 


9,190,533.90 


Deductions from Gross Corporate Income- 










44,007.97 




Other rents— Debits : 






Hire of equipment — balance 


89,690.49 
97,628.97 






Joint facilities 


187,319.46 
6,178,059.00 








Total - 






Interest accrued on funded debt 
















6, 409, 386. 43 










Net corporate income -- - - 


2 781 147 47 


Balance for year carried forward to credit of 






2,781,147.47 









ATLA]S"TIC COAST LINE RAILROAD COMPANY. 



157 



PROFIT AND LOSS ACCOUNT. 



Balance June 30, 1907 

Balance for year brought forward from income account 
Additions for year 



Deductions for year 

Dividends Declared Out of Surplus— 

On preferred stock— 5 per cent, payable 

On common stock— 3 per cent, payable 

2| per cent, payable 

Balance credit June 30, 1908, carried to balance sheet- 



Debit. 



79,830.00 
1,456,100.00 
1,213,440.00 
8,838,896.05 



$12,038,174.91 



Credit. 



$ 9,099,543.46 

2,781,147.47 

157,483.98 



$12,038,174.91 



ADDITIONS TO PROFIT AND LOSS ACCOUNT FOR YEAR ENDING JUNE 30, 1908. 



Additions — 


$ 19,000.00 
16,404.20 




Unclaimed wages of more than five years standing written off 
on account of inability to effect payment 




Adjustment of rails rented 


109 179.78 




Profit on securities purchased 


12,900.00 






$ 157,483.98 


Deductions— 




Discount on $890,000, first consolidated 4 per cent, bonds sold 


92,912.50 




Value of land donated city of Charleston for immigration station- 


3,000.00 




Amount paid for original 250 shares stock Washington and 
Vandemere Railroad, covering charter and clearing right of 
way of said road - 


9,500.00 
40,000.00 




Book value of 200 shares of Wilmington Railway Bridge Co.'s 




Deficit from operations of the Georgia Railroad under lease for 
year ending June 30. 1908, $585,978.46. This Company's propor- 
tion — one-half -- -- . __ _ 


292,989.23 




Sundry adjustments and amounts written off- 


11,507.13 






449,908.86 







158 



W^. C. CORPORATION COMMISSION. 



OPERATING REVENUES-State of North Carolina. 



Account. 



Total 
Revenues. 



Revenue from Transportation— 

Freight revenue 

Passenger revenue 

Excess baggage revenue 

Mail revenue 

Express revenue 

Other passenger train revenue 

Total passenger service train revenue 

Switching revenue 

Special service train revenue 

Miscellaneous transportation revenue 

Total revenue from transportation 

Revenue from Operations Other than Transportation - 

Station and train privileges 

Parcel-room receipts 

Storage— freight 

Storage— baggage 

Car service 

Rents of buildings and other property 

Miscellaneous 

Total revenue from operations other than transportation 

Total operating revenues— State 

Total operating revenues— Entire line 



$ 5,054,182.91 



1,506,960.08 

13,646.82 

142,777.44 

187,950.13 

13,050.00 



1,864,384.47 



13,759.57 

9,042.11 

153.91 



5,941,522.97 



3,185.52 
.40 
9,352.67 
117.10 
14,665.07 
4,103.96 
1,355.25 



32,779.97 



,974,302.94 



26,029,052.40 



ATLANTIC COAST LINE RAILROAD COMPANY. 



159 



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I^. C. CORPORATION" COMMISSIOT^T. 



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ATLANTIC COAST LIT^I^E RAILROAD COMPANY. 



163 



OPERATING EXPENSES-Entire Line. 



Account. 



Maintenance of Way and Structures — 

Superintendence 

Ballast 

Ties 

Rails 

Other track material 

Roadway and track 

Removal of snow, sand and ice 

Bridges, trestles and culverts 

Over and under grade crossings 

Grade crossings, fences, cattle-guards and signs 

Signals and interlocking plants 

Telegraph and telephone lines 

Buildings, fixtures and grounds 

Docks and wharves 

Roadway tools and supplies 

Work equipment — repairs 

Work equipment — renewals 

Work equipment— depreciation 

Injuries to persons 

Stationery and printing 

Insurance 

Other expenses 

Total of foregoing accounts 



Maintaining joint tracks, yards and other facilities- 
Dr 



Maintaining joint tracks, yards and other facilities— 
Or 



Total— Maintenance of way and structures - 
Maintenance of Equipment— 

Superintendence 

Steam locomotives — repairs 

Steam locomotives — renewals 

Steam locomotives— depreciation 

Passenger train cars— repairs 

Passenger train cars— renewals 

Passenger train cars— depreciation 

Freight train cars — repairs 

Freight train cars— renewals 

Freight train cars— depreciation 



Amount. 



$ 182,800.48 

23,368.64 

771,814.91 

300,000.00 

205,223.45 

1,319,036.08 

507. 07 

435,548.91 

1,311.97 

35,622.29 

66,760.92 

9,233.15 

350,242.37 

44,418.07 

34,013.72 

31,460.96 

5,511.78 

10,935.56 

8,067.27 

6,818.74 

27,248.25 

213.81 



3,870,158.40 

59,868.74 
109,773.84 



3,820,253.30 



142,760.92 
1,051,653.32 

21,224.66 
139,208.30 
384,451.17 

19,485.71 

62,600.67 
1,516,667.62 

52,272.39 
514,255.25 



Ratio to 
General 
Account, 
per Cent. 



4.79 

.61 

20.20 

7.85 

5.37 

34.53 

.01 

11.40 

.04 

.93 

1.75 

.24 

9.17 

1.16 



.14 
.29 
.21 
.18 
.71 
.01 



101.30 
1.57 

2.87 



100.00 



3.49 

25.69 

.52 

3.40 

9.39 
.48 

1.53 
37.05 

1.28 
12.56 



Ratio to 

Total 
Operating 
Expenses, 
per Cent. 



164 



W". C. CORPORATION^ COMMISSION. 



OPERATING EXPENSES— Entire Line-Continued. 



Maintenance of Equipment— Cowitnued. 

Floating equipment — repairs 

Floating- equipment— renewals— Cr. 

Floating equipment — depreciation 

Shop machinery and tools 

Injuries to persons 

Stationery and printing 

Insurance 

Other expenses 

Total of foregoing accounts 

Maintaining joint equipment at terminals— Dr. 

Equipment borrowed — Dr 

Maintaining joint equipment at terminals— Cr. 

Equipment loaned — Cr. 

Total— Maintenance of equipment 

Traffic Expenses— 

Superintendence - 

Outside agencies 

Advertising 

Traffic associations 

Fast freight lines 

Industrial and immigration bureaus 

Stationery and printing 

Insurance 

Other expenses 

Total— Traffic expenses 

Transportation Expenses— 

Superintendence 

Dispatching trains 

Station employees 

Weighing and car service associations 

Stock yards and grain elevators 

Coal and ore docks 

Station supplies and expenses 

Yardmasters and their clerks 

Yard conductors and brakemen 

Yard switch and signal tenders 



Amount. 



12,236.82 
100. 00 

2,624.09 
54,467.29 

9, 100. 11 
13,777.08 
55,886.15 

6,471.26 



, 059, 042. 81 

15,486.95 

379,631.64 

5,350.88 

354,863.88 



4,093,946.64 



92,608.24 

196,759.34 

45,907.13 

27,565.77 

3, 022. 96 

9,810.37 

57,034.47 

71.21 

6.75 

432,786.24 



274,824.03 

257,628.57 

1,508,446.98 

52,257.11 



115,501.65 

168,837.06 

289,192.03 

10,757.93 



Ratio to 

General 

Account, 

per Cent. 



.30 



.06 
1.33 

.22 

.33 
1.36 

.16 



99.15 
.38 

9.27 
.13 

8.67 



100.00 



21.40 

45.46 

10.61 

6.37 

.70 

2.27 

13.18 

.01 



100. 00 



2.76 

2.58 

15.13 

.52 



1.16 

1.69 

2.90 

.11 



Ratio to 

Total 

Operating 

Expenses, 

per Cent. 



.02 
.29 
.05 
.07 
.29 
.04 



21.40 
.08 

2.00 
.03 

1.87 



21.58 



1.04 
.24 
.14 
.02 
.05 
.30 



2.28 



1.45 
1.36 
7.95 

.28 



.61 

.89 

1.52 

.06 



ATLANTIC COAST LII^^E RAILROAD COMPAI^Y. 



165 



OPERATING EXPENSES-Entire Line-Continued. 



Account. 


Amount. 


Ratio to 

General 

Account, 

per Cent. 


Ratio to 

Total 

Operating 

Expenses, 

per Cent. 


Transportation Expenses- Continued. 


$ 16,127.35 

263,148.71 

44,435.92 

318.864.19 

22,123.25 

8.062.94 

4,637.90 


.16 
2.64 
.45 
3.20 
.22 
.08 
.05 


.09 
1.39 

.23 
1.68 


Yard enginemen 

Enginehouse expenses— yard 




.12 




.04 




.02 








2,822,393.02 
151,720.53 
119,809.07 

2,854,304.48 


28.31 
1.52 
1.20 




Operating joint yards and terminals — Dr 


.80 
.63 








28.63 


15.05 




Road enginemen 


995,767.15 

233,328.22 

2,255,428.77 

122,233.53 

44,662.71 

31,719.62 


9.99 

2.34 

22.62 

1.23 

.45 

.32 


5 25 


Enginehouse expenses — road 

Fuel for road locomotives 


1.23 
11 89 


^^ater for road locomotives 


.64 
24 


Lubricants for road 'ocomotives 


Otlier supplies for road locomotives 


.17 












Road trainmen 


915,581.85 
296,079.70 
12,765.94 
23,214.59 
17,850.31 
66,188.41 
36, 500. 53 
28, 129. 56 


9.19 

2.97 

.13 

.23 

.18 
.66 
.37 
.28 


4.83 
1.56 
.07 
.12 
.09 
.35 
.19 
.15 


Train supplies and expenses 

Interlockers, block and other signals— operation 

Crossing flagmen and gatemen 


Drawbridge operation 


Clearing wrecks 


Telegraph and telephone— operation 

Operating floating eauipment 




Stationery and printing 


97,733.25 

59,721.81 

11,145.72 

872,675.15 

9,231.13 

70,693.45 

157,437.63 

268,202.08 


.98 
.60 
.11 

.09 

.71 

1.58 

2.69 


.51 
.31 
.06 

4.60 
.05 
.37 
.83 

1.41 


Insurance 


Other expenses 


Loss and damage — freight -- 


Loss and damage — baggage - - - 




Damage to stock on right of way 

Injuries to persons 


Total of last twenty-six accounts 


6,626,291.11 


66.48 


34.92 



166 



N". C. COEPORATION COMMISSIO]^. 



OPERATING EXPENSES-Entire Line-Continued. 



Account. 



Transportation Expensbs— Continued. 

Operating joint tracks— Dr. 

Operating- joint tracks— Cr. 

Total movement expenses 

Total— Transportation expenses 

General Expenses— 

Salaries and expenses of general officers 

Salaries and expenses of clerks and attendants 

General office supplies and expenses 

Law expenses 

Insurance 

Relief department expenses 

Pensions 

Stationery and printing 

Other expenses 

Total of foregoing accounts 

General administration joint tracks, yards and 
terminals— Dr 

General administration joint tracks, yards and 
terminals— Cr. 

Total — General expenses 

Recapitulation of Expenses — 

Maintenance of way and structures 

Maintenance of equipment 

Traffic expenses 

Transportation expenses 

General expenses 

Total operating expenses 

Ratio of operating expenses to operating revenues, 
72.89 per cent. 

Operating Expenses— State of North Carolina— 

Maintenance of way and structures 

Maintenance of equipment 

Traffic expenses 

Transportation expenses 

General expenses 

Total operating expenses 

Ratio of operating expenses to operating revenues, 
73.03 per cent. 



Amount. 



$ 6,658.87 

51,377.80 



,581,572.18 



.26 



87,902.31 

212,298.01 

14,364.38 

239,656.46 

276.73 

41,301.73 

11,170.90 

25,505.76 

20,169.97 



652,646.25 



6,116.53 



2,335.45 



656,427. 



3,820,253.30 
4,093,946.64 

432,786.24 
9,968,329.26 

656,427.33 



18,971,742.77 



1,028,793.28 
1,099,710.02 

115,848.99 
2, 673, 184. 71 

175,717.77 



5,093.254.77 



Ratio to 
General 
Account, 
per Cent. 



13.39 

32.34 
2.19 

36.52 
.04 
6.29 
1.70 
3.89 
3.07 

99.43 



.36 



100.00 



Ratio to 

Total 

Operating 

Expenses, 

per Cent. 



34.68 
52.54 



1.12 



1.26 



.22 
.06 
.13 

.11 
3.44 

.03 

.01 



20.14 
21.58 

2.28 
52.54 

3.46 
100.00 



20.20 

21.59 

2.27 

52.49 

3.45 



100.00 



ATLANTIC COAST LINE RAILROAD COMPANY. 



167 



RENTS RECEIVABLE. 
[. FROM LEASE OF ROAD. 



Property Leased. 


Location of Property. 


Name of Lessee. 


Item. 


Total. 


Track 


Petersburg, Va 

Enterprise to Enter- 
prise Junction, Fla. 


Virginia Passenger and 
Power Co 

F E C Railwav Co 


$ 999.99 












Total - 




$ 999 99 













II. FROM JOINT FACILITIES. 



Facility Leased. 


Location of Property. 


Name of Lessee. 


Item. 


Total. 








$ .84 
11.79 






Petersburg 


Petersburg Gas Co. 






Selma to Pinner's 
Point 


SmitVipm T?nil^xrnv 


71,848.14 
167 94 






Norfolk to Suffolk 








Fayetteville 


Raleigh & Southport R. R. - 


620.04 








East Carolina Railway 


17.88 








19 71 






Conway 

Magnolia Junction to 
Vardell Creek 


C C <& W R R 


302 52 








383 56 






Atlanta 


A & W P R R 


8,000.00 

57.80 






Sylvester 


F. R. &G. R. R 






Hardeeville to Central 




7,659.50 
81,902.99 






Central Junction to 
Jacksonville 












Total 




$170,992.71 


Joint Yards and Ter- 
minals 




R F & P R R 


2,696.88 
2,500.00 




Wilmington 


Seaboard Air Line Railway- 








Seaboard Air Line Railway- 


23 36 






Jesup 

Waycross 


1,032.94 
1,000.00 






A. B. & A. R. R. 






Pelham 


F. R. &N.E. R. R 


397.64 








F E C Railw^av 


3,000.00 
59 64 






Jacksonville 


Southern Railway 






Palatka 


EEC Railway 


1,255.44 
527.04 






Palatka 


Ga. Sou. & Fla. R, R 





168 



]Sr. C. COEPORATION COMMISSION. 



RENTS RECEIVABLE-Continued. 
II. FROM JOINT FACILITIES— Continued. 



Facility Leased. 


Location of Property. 


Name of Lessee. 


Item. 


Total. 


Joint Yards and Ter- 




Tampa Northern Railway — 
Mo & Ohio R R 


$ 260.40 

3,497.28 

1,281.29 

662.69 

662.48 

548.80 




icontinued.) 


Montgomery 












River Junction 

River Junction 

River Junction 


L & N, R R - - - 






Seaboard Air Line Railway- 
Apalach. Nor. R. R 




Total 




$ 19,405.87 



191 ^98 "iT 


Total 



















III. MISCELLANEOUS RENTS. 



Description of Property. 


Location of Property. 


Name of Lessee. 


Total. 




Various 


Various 


$ 37,848.49 

26,428.78 

637. 10 


Lands 




Various 

Various 




St. Petersburg, Fla 








Total 


64 914.37 











• MISCELLANEOUS INCOME. 



Source of Income. 



Gross 
Income. 



Net Mis- 
cellaneous 
Income. 



Percentage added to storekeepers' bills 

Taxes (proportion collected from lessees, tenants, etc.) 

Rail rental 

Total 



$ 807.62 
15,635.29 
42, 569. 54 



$ 807.62 
15,635.29 
42,569.54 



59,012.45 



59,012.45 



ATLANTIC COAST LINE RAILROAD COMPANY. 



169 



RENTS PAYABLE. 
I. FOR LEASE OF ROAD. 



Property Leased. 


Location of Property. 


Guaranteed 

Interest on 

Bonds. 


Cash. 


Total. ' 


("!<:> r> fva 1 T?nil vnarl nf Snn+ln 


Lanes-Sumter, S. C 

Rennettsville S C to North 


« 


$31,000.00 


$ 31,000.00 
6,276.00 
3,731.97 
3,000-00 


Carolina. 
South Carolina Pacific Rwy.- 

Winston and Bone Valley 

Railroad. 
Dummy Line - 


A 97« nn 


Carolina State line. 
Winston-Tiger Bay, Fla 

Wilmington N C — - - — - 


3,731.97 
3,000.00 












6,276.00 


37,731.97 


44, 007. 97 









IL FOR JOINT FACILITIES. 



Facility Leased. 


Location of Property. 


Name of Lessor. 


Item. 


Total. 


Joint Tracks 


Weldon— Garysburg— 


Seaboard Air Line Ry. 


$ 5,162.74 






Hilton— Navassa 


Wil. Ry. Bridge Co 


5,425.00 






Columbia 




325 08 






Robbins— Augusta -— 


C. «&W. C. Ry 


13,698.98 






Jacksonville 

Archer Branch 


St. John's River Terminal 

Co. 
Seaboard Air Line Ry. 


3,683.41 
8,198.34 


$ 36,493.55 






Joint Yards and Ter- 
minals. 


Richmond 

Petersburg 


R.,F. &P. R. R. 

Nor. & Western R. R 


974.14 
458.88 






Norfolk 


SmitViPrn T?nilAArnv 


1 003.00 






Portsmouth 




385 00 






Wilmington 


The Worth Co 


999 99 






Wilmington 


W. E Worth 


799. 92 






Wilmington 


S. Northrop, Agent 


199.92 






Maxton 


Seaboard Air Line Ry. 


110.00 






Pregnals 




35 78 






Columbia 




1 016 52 






Charleston 


Charleston Union Station — 


4,554.14 






Augusta 


Augusta Union Station 

C. & W. C. Ry 


802 07 








693.37 

15,857.53 

744 07 






Savannah 






Albany 


Cent, of Ga. Ry 




■ 


Jacksonville 


13,720.03 
3,249.94 






Montgomery 


L. &N. R. R. 








Belt Line R R 


15,531.12 










61,135.42 






Total - - 


97,628.97 











170 



N. C. CORPORATION COMMISSION. 



o.S o o 

SS-, o o 
^ ^ c « 






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ATLANTIC COAST LIA^E EAILEOAD COMPANY. 



in 



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4J ^<' 

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-PQ 

14, 

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172 



N. C. CORPOKATION COMMISSION. 



S .2 



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ATLANTIC COAST LINE RAILEOAD COMPANY. 



173 



EMPLOYEES AND SALARIES-State of North Carolina. 



Class. 


Number. 


Total 
Number 
of Days 
Worked. 


Total 

Yearly 
Compensa- 
tion. 


Average 
Daily 
Compensa- 
tion. 




14 

43 

276 

149 

336 


5,124 
15,676 

101, 927 
55,788 

19fi.78q 


$ 57,659.16 
139,198.75 
205,618.11 

98,388.26 
153,906.10 
236,066.93 
106,788.70 
132,922.12 
214,587.10 

68,576.92 
183,703.45 
415,433.85 

66,517.95 
172,905.39 

25,911.60 

90,155.27 

387,060.25 

2,755,399.91 


$ 11.25 


Other officers 


8.88 


General office clerks 


2.01 


Station agents 


1.76 


Other station men 


1.21 


Enginemen 


158 .^1 . 2.^8 


4.61 


Firemen 


192 
102 
321 
59 
240 
717 


68,475 
33,441 

130,431 
22,510 
82,066 

9'7^.T79. 


1.56 


Conductors 


3.97 


Other trainmen 


1.65 


Machinists 

Carpenters - 


3.05 
2.24 


Other shopmen 


1.52 


Section foremen 


108 36,471 
494 I 1fi9. fiO.^ 


1.82 


Other trackmen - 


1.02 


Switch tenders, crossing tenders and watchmen- 
Telegraph operators and dispatchers 

All other employees and laborers 


151 
117 
566 


54,360 
46, 114 
172,967- 


.48 
1.96 
2.23 






Total (including' General Officers) 


4,043 
14 


1,446,052 
5,124 


1.P1 


Less General Officers 


! 
57,659.16 ' 11.2.^5 








Total (excluding General Officers) - 


4,029 


1,440,928 


2,697,740.75 


1.87 






Distribution of Above- 

Maintenance of way and structures 


845 

1,041 

98 

1,738 

321 


274,478 
386, 792 
36,148 
630,439 
118,195 


379,193.18 

700,038.22 

132,780.40 

1,232 995.36 


1.38 


Maintenance of eauipment 


1.81 


Traffic expenses 


3.67 


Transportation expenses 


I.QR 


General expenses 


310,392.75 1 2.63 






Total (including General Officers) 


4,043 
14 


1,446,052 
5,124 


2,755,399.91 ' 1-91 


Less General Officers - - 


57,659.16 


11.25 








4,029 
15,768 


1,440,928 
5,493,590 


2,697,740.75 
9,800,407.09 


1 87 


Total (including General Officers)— Entire 
line- - 


1.78 







174 



N. C. COEPOEATIOIT COMMISSION". 



TRAFFIC AND MILEAGE STATISTICS-EntIre Line. 



Item. 



Column for 

Number 

Passengers, 

Tonnage, 

etc. 



Columns for Revenue 
and Rates. 



Passenger Traffic — 

Number of passengers carried earning revenue 
Number of passengers carried one mile 



Dollars. 



Number of passengers carried one mile per mile 
of road 



Average distance carried — miles 

Total passenger revenue 

Average amount received from each passenger 

Average receipts per passenger per mile 

Total passenger service train revenue 

Passenger service train revenue per mile of road_ . 
Passenger service train revenue per train mile . . . 

Freight Traffic— 

Number of tons carried of freight earning revenue 

Number of tons carried one mile 

Number of tons carried one mile per mile of road _ 

Average distance haul of one ton — miles 

Total freight revenue 

Average amount received for each ton of freight. - 

Average receipts per ton per mile 

Freight revenue per mile of road 

Freight revenue per train mile 

Total Traffic — 

Operating revenues 

Operating revenues per mile of road 

Operating revenues per train mile 

Operating expenses 

Operating expenses per mile of road 

Operating expenses per train mile 

Net operating revenue 



6,5i4,469 
261,881,340 



60,00C 
40.02 



), 279, 583 



7,790,380 

1,784 
1 



10,077,109 
1,436,141,810 
329,034 
142.52 



17,739,171 

1 



Net operating revenue (or deficit) per mile of 
road, 



4,064 

2 

26,029,052 

5,963 

1 

18,971,742 

4,346 

1 

7,057,309 

1,616 



Average number of passengers per car mile 

Average number of passengers per train mile 

Average number of passenger cars per train mile 

Average number of tons of freight per loaded 
car mile 



Average number of tons of freight per train mile 
Average number of freight cars per train mile .. 
Average number of loaded cars per train mile _. 
Average number of empty cars per train mUe _ . 
Average mileage operated during year 



37 
4.91 

12.74 
185.26 
22.71 
14.54 
7.33 
4,364.72 



Cfs. 



93 



^i ?■«.<?. 



953 

398 



560 



76 


034 


01 


235 


22 





28 


837 


40 




51 




82 


736 


77 




61 




33 


190 


63 





ATLANTIC COAST LIN^E RAILROAD COMPANY. 



1Y5 



TRAFFIC AND MILEAGE STATISTICS-Entire Line-Continued. 



Classification. 


Item. 


Total. 


Locomotive Mileage — Revenue Service — 
Freight locomotive miles 


7,318,313 

6,589,753 

596,147 

20,451 

4,197,766 




Passenger locomotive miles 




Mixed locomotive miles 




Special locomotive miles. . 




Switching locomotive miles . -_ 








Total in revenue service _ . . _ 




IS, 722, 430 








Nonrevenue service locomotive miles 




747 007 


Car Mileage — Revenue Service: 
Freight Car Miles— 

Loaded ... . . .. 


112,717,074 
56,«00.225 
6,559,415 




Empty ._ __ 




Caboose... ... .. ... ._ 








Total _ . 




176.076,714 








Passenger Car Miles — 

Passenger .. ... _ . .. 


15,648,827 
6,446,773 
12,514,330 




Sleeping, parlor and observation . . . 




Other passenger train cars _ 








Total 




31,600.930 








Special Car Miles — 

Freight — loaded. ... _. . . 


95,503 
310 

2,534 
29,674 

6,536 
15,459 




Freight — empty 




Caboose ... 




Passenger. .. .. ... .__ 




Sleeping, parlor and observation. . 




Other passenger train cars... . 








Total 




150,016 








Total in revenue service .. . . 




210,836,660 








Nonrevenue service car miles 




4,479,757 


Train Mileage — Revenue Service— 

Freight train miles.. . _ 


7,176,597 

6,471,032 

575,284 

21,169 




Passenger train miles 




Mixed train miles _ 




Special train miles . _ 








Total revenue train mileage . . 




14,244,082 








Nonrevenue service train miles 




747,007 









176 



N. C. COEPOKATION COMMISSION. 



TRAFFIC AND MILEAGE STATISTICS-State of North Carolina. 



Item. 


Column for 

Number 

Passengers, 

Tonnage, etc. 


Columns for Revenue 
and Rates, 


Passenger Traffic — 

Number of passengers carried earning revenue. . . 
Number of passengers carried one mile 


2,042,202 
66,491,001 

65,548 
32.56 


Dollars. 


Cts. 


Mills. 








Number of passengers carried one mile per mile 
of road 








Average distance carried — miles 


1,506,960 


08 
73 
02 
47 
95 




Total passenger revenue 




Average amount received from each passenger 




791 


Average receipts per passenger per mile 






266 


Total passenger service train revenue 




1,864,384 
1,837 




Passenger service train revenue per mile of road . 
Freight Traffic — 

Number of tons carried of freight earning revenue 


3,491,556 
385,186,820 
379,726 
110.32 












Number of tons carried one mile per mile of road . 








Average distance haul of one ton — miles . 








Total freight revenue _- 


5,054,182 
1 


91 
44 
01 
53 

94 
43 

77 
05 
17 
38 




Average amount received for each ton of freight . 
Average receipts per ton per mile 




754 
312 


Freight revenue per mile of road 




4,982 

6,974,302 
6,875 

5,093,254 
5,021 

1,881,048 
1,854 




Total Traffic — 

Operating revenues 












Operating expenses . _ _ _ _ _ 


















Net operating revenue per mile of road 








1,014.38 













ATLAISTTIC COAST LINE RAILROAD COMPANY. 



177 



FREIGHT TRAFFIC MOVEMENT-State of North Carolina. 
COMPANY'S MATERIAL EXCLUDED. 



Commodity. 


Freight 

Originating 

on this 

Road. 


Freight 

Received 

from 

Connecting 

Roads and 

Other 

Carriers. 


Total Freight Tonnage. 


Products of Agriculture — 


Whole Tons. 
15,180 

8,535 
13,756 

6,269 
22,032 
54,060 
40,663 
35,762 


Whole Tons. 
50,987 
41,376 
29,149 
27,348 
13,345 
100,716 
163,467 
14,124 


Whole Tons. 
66,167 
49.911 
42,905 
33,617 
35,377 
154,776 
204,130 
49,886 


Per Cent. 
1.90 


Flour 


1.43 


Other mill products _ _ _ 


1.23 


Hay . 


.96 




1.01 


Cotton - - 


4.43 




5.85 


Other products of agriculture 


1.43 






Total 


196,257 


440,512 


636,769 


18.24 


Products of Animals — 
Live stock 


1.906 

2,495 

2,414 

5 

301 


4,677 

27,665 

1,317 

31 

1,339 


6,583 

30,160 

3,731 

36 

1,640 


19 


Dressed meats ) 




Other packing-house products ) 

Poultry, game and fish 


.86 
11 


Wool 




Hides and leather 


.05 






Total 


7,121 


35,029 


42,150 


1 21 






Products of Mines — 

Anthracite coal ] 

Bituminous coal .__ }> 

Coke J 

Stone, sand and other like articles 

Other products of mines 


3,777 
6,701 


272,618 

15,592 
64,050 


276,395 

22,293 
64,050 


7.92 

.64 
1.83 








Total 


10,478 


352,260 


362,738 


10.39 






Products of Forests — 

Lumber- ._ _ . 


576,771 
426,584 


390,466 
113,008 


967,237 
539.592 


27 70 


Other products of forests, __ _ 


15 46 






Total 


1,003,355 


503,474 


1,506,829 


43 16 







Corp. 2 12 



178 



N. C. COBPOEATION^ COMMISSION". 



FREIGHT TRAFFIC MOVEMENT-State of North Carolina-Continued. 



Commodity. 


Freight 

Originating 

on this 

Road. 


Freight 
Received 

from 

Connecting 

Roads and 

Other 

Carriers. 


Total Freight Tonnage. 


Manufactures — 

Petroleum and other oils 


Whole Tons. 

28,229 

2,869 

16,267 


Whole Tons. 

30,918 

6,084 

5,438 

4,960 

4,431 

29,428 

14,810 

40,284 

1,851 

3,145 

8,210 

4,^83 

163,063 


Whole Tons. 

59,147 

8,953 

21,705 

4,960 

7,145 

33,581 

16,975 

78.380 

2,214 

5,349 

9,079 

8,860 

864,884 


Per Cent. 
1.69 


Sugar.. -_ .__.__- 


.26 


Naval stores 


62 


Iron, pig and bloom 


14 


Iron and steel rails 


2,714 

4,153 

2,165 

38,096 

363 

2,204 

869 

3,877 

201,821 


21 




96 


Bar and sheet metal _ 


.49 


Cement, brick and lime _ 


2.25 


Agricultural implements _ 


.06 


Wagons, carriages, tools, etc.. 


.15 


Wines, liquors and beers 


26 


Household goods and furniture 

Other manufactures 


.25 
10 45 






Total 


303,627 


317,605 


621,232 


17 79 






Merchandise 


59,116 
51,327 


134,090 
77,305 


193,206 
128,632 


5 53 


Miscellaneous — 

Other commodities not mentioned 
above 


3.68 


Total tonnage— State 


1,631,281 


1,860,275 


3,491,556 


100.00 


Total tonnage — Entire line 


7,447,587 


2,629,522 


10,077,109 


100.00 



ATLANTIC COAST LINE RAILROAD COMPANY. 



179 



DESCRIPTION OF EQUIPMENT-Entire Line. 
A. EQUIPMENT OWNED OR LEASED IN SERVICE OF THE RESPONDENT, 





Number 

on 

June 30, 

1907. 


Number 
Added 
During 
Year. 


Number 

Retired 

During 

Year. 


Number 

on 

June 30, 

1908. 


Number Fitted with 


Item. 


Train 
Brake. 


Automatic 
Coupler. 


Locomotives — Owned ok Leased: 

Passenger | 

Freight f 

Switching 


525 
116 


33 

7 


6 
3 


552 
120 


552 
120 


552 
120 






Total locomotives in 


641 


40 


9 


672 


672 


672 






Total locomotives owned 


641 


40 


9 


672 












Cars — Owned or Leased: 
In Passenger Service — 


234 

65 

110 

2 

139 


22 




256 

59 

118 

2 

157 


256 

59 

118 

2 

157 


256 


Second-class cars 


6 


59 


Combination cars 


8 


118 


Parlor cars 




2 


Baggage, express and postal 


18 




157 








Total 


550 


48 


6 


592 


592 


592 






In Freight Service — 
Box cars 


15,842 

4,747 

143 

647 

5 

1,070 


1,011 
646 




16,853 

5,393 

136 

647 

5 

1,074 


16,513 

5,127 

132 

647 

5 

331 


16,853 


Flat cars 




5.393 




7 


136 


Coal cars 




647 


Refrigerator cars 






5 


Other cars in freight service _ _ 


4 




331 


Total 


22,454 


1,661 


7 


24,108 


22,755 


23,365 


In Company's Service — 

Officers' and pay cars _ 


14 
401 

84 
255 

408 






14 
401 

84 
260 
415 


14 
385 

72 
238 
195 


14 


Gravel cars _ _ 






401 


Derrick cars . _ . _ _ 






84 


Caboose cars 


5 

7 




260 






415 






Total 


1,162 


12 




1,174 


904 


1,174 






Total cars in service 


24,166 


1,721 


13 


25,874 


24,251 


25,131 


Total cars owned 


24,166 


1,721 


13 


25,874 


24,251 


25,131 



180 



N. C. COEPOEATION COMMISSION. 



MILEAGE-Entire Line. 

« 

A. MILEAGE OF ROAD OPERATED— (All Tracks). 





Line Owned. 


Line 

Operated 

Under 

Lease. 


Line 
Operated 

Under 
Trackage 

Rights. 


Total 
Mileage 
Operated. 


New 
Line 


Rails. 


Line in Use. 


Main 
Line. 


Branches 

and 

Spurs. 


Con- 
structed 
During 
Year. 


Iron. 


Steel. 


Miles of single track — 


2,846.58 
86.31 

883.59 


1,419.74 


79.74 


60.57 


4,406.63 
86.31 

883.59 


45.71 
25.41 

99.23 


45.95 
87.33 


4,300.11 
86.31 


Miles of yard track 








796. 26 








" 




Total mileage ope- 
rated 


3,816.48 


1,419.74 


79.74 


60.57 


5,376.53 


170.35 


133.28 


5,182.68 



B. MILEAGE OF LINE OPERATED, BY STATES— (Single Track). 



State. 



Virginia 

North Carolina 

South Carolina 

Georgia 

Florida 

ibam 

Total mileage ope- 
rated 



Line Owned. 



Main 
Line. 



Branches 

and 

Spurs. 



107.80 
595.34 

552.27 
570.89 
878.16 
142. 12 



2.846.58 



31.26 
412.94 
244.60 
135.37 
491.80 
103.77 



1,419.74 



Line 

Operated 

Under 



Line 
Operated 

Under 
Trackage 

Rights. 



1.25 
50.70 



27.79 



79.74 



4.85 
25.00 

7.51 
22.21 

1.00 



60.57 



Total 

Mileage 

Operated. 



139.06 
1,014.38 

872.57 

713.77 
1,419.96 

246.89 



4,406.63 



New 
Line 
Con- 
structed 
During 
Year. 



Rails. 



Iron. 



.70 .15 

1.56 ; 34.20 



1.07 

*1.44 

43.61 

.21 



11.60 



Steel. 



138.91 
975.33 
835.97 
706.26 
1,397.75 
245.89 



45.71 j 45.95 ;4,300.11 



C. MILEAGE OF LINE OWNED, BY STATES— (Single Track). 



State. 



Line Owned. 



Main 
Line. 



Branches 

and 

Spurs. 



Total 
Mileage 
Owned. 



New 
Line 
Con- 
structed 
During 
Year. 



Rails. 



Iron. 



Steel. 



Virginia 

North Carolina 

South Carolina 

Georgia 

Florida 

Alabama 

Total mileage owned 



107. 80 
595.34 
552.27 
570.89 
878. 16 
142. 12 



34.41 
412.94 
244.60 
135.37 
495.70 
103. 77 



142.21 
1,008.28 

796.87 

706.26 
1,373.86 

245.89 



.70 

1.56 

1.07 

*1.44 

43.61 

.21 



.15 
34.20 
11.60 



142.06 
974.08 
785.27 
706.26 
1,373.86 
245.89 



2,846.58 



1,426.79 



4,273.37 



45.71 



45.95 



4,227.42 



*Taken up. 



ATLANTIC COAST LINE EAILEOAD COMPANY. 



181 



TAXES AND ASSESSMENTS. 
FOR REPORTING COMPANY'S OWNED AND PROPRIETARY LINES. 



State. 



Virginia 

North Carolina 
South Carolina 

Georgia 

Florida 

Alabama 

Total 



Ad Valorem 
Tax. 



c8 a 
aj o 



.a o 

^ u 
> <u 

^^ ^ 

C rt 0) 
O 



$ 47,355.08 
268,967.27 
201,034.26 
190,883.67 
252,584.98 
62,470.24 



1,023,295.50 



Specific Tax. 



11^ 

5 CO 0) 

tn.S > 

cH o 
O 



.CO -J 



O 



Total. 



$ 8,052.71 ! $- 



; $ 55,407.79 

4,788.70 I 273,755.97 



5,878.34 



13,931.05 



6,289.99 

100. 00 

16,227.60 

7,419.00 



213,202.59 
190,983.67 

268,812.58 
69,889.24 



34,825.29 1,072,051.84 



182 



IN^. C. COEPOEATION COMMISSION. 



SEABOARD AIR LINE RAILWAY. 



OFFICERS. 



Title. 



Name. 

S. Davies Warfield -- 
P. Lancaster William 

E. C. Duncan 

W. A. Garrett 

L. Sevier 

D. C. Porteous 

Robert L. Nutt 

L. R. Watts 

T. W. Roby 

W. L. Seddon 

C. H. Hix 

J. H. Witt 

J. M. Shea 

W. A. Gore 

H. B. Grimshaw 

W.A.Witt 

R. E. Boswell 

W. F. Williams 

C. R. Capps 

R. I. Cheatham 

C. B. Ryan 

C. D. Wayne 



Location of Office. 



Receiver 

Receiver 

Receiver 

President and Chief Executive Officer 

First Vice-President 

Secretary 

Treasurer 

General Counsel 

Comptroller 

Chief Engineer 

General Superintendent 

Division Superintendent 

Division Superintendent 

Division Superintendent 

Division Superintendent 

Division Superintendent 

Division Superintendent 

Superintendent of Telegraph 

General Freight Agent 

Assistant General Freight Agent 

General Passenger Agent 

Assistant General Passenger Agent - 



Baltimore, Md. 
Baltimore, Md. 
Raleigh, N. C. 
Portsmouth, Va. 
Portsmouth, Va. 
New York, N. Y. 
Portsmouth, Va. 
Portsmouth, Va. 
Portsmouth, Va. 
Portsmouth, Va. 
Portsmouth, Va. 
Richmond, Va. 
Hamlet, N. C. 
Abbeville, S. C. 
Americus, Ga. 
Jacksonville, Fla. 
Jacksonville, Fla. 
Portsmouth, Va. 
Norfolk, Va. 
Norfolk, Va. 
Portsmouth, Va. 
Portsmouth, Va. 



SEABOARD AIR LINE RAILWAY. 



183 



DIRECTORS. 



Names of Directors, 



Post-office Address. 



Date of Expiration 
of Term. 



W. A. Garrett 

James A. Blair 

Thomas F. Ryan 

C. Sidney Shepard 

T. Jefferson Coolidge, Jr. 

Ernest Thalman 

S. Davies Warfield 

N. S. Meldrum 

Norman B. Ream 

H. Clay Pierce 

Y. Van den Berg 

B. F. Yoakum 

H. R. Duval 

James H. Dooley 

George W. Watts 

Townsend Scott 

S. Davies Warfield, Receiver 

P. Lancaster Williams, Receiver 

E. C. Duncan, Receiver 

L. G. Haas, Agent for Receivers 

George Hodges, Assistant Agent for 
Receivers 

C. T. Williams, Secretary to Receivers- 



Portsmouth, Va. 

24 Broad Street, New York-. 

Oak Ridge, Va 

New Haven, N. Y. 

Boston, Mass. 

25 Broad Street, New York- 
Baltimore, Md 

24 Broad Street, New York-. 

24 Broad Street, New York-. 

25 Broad Street, New Yoi-k-. 
25 Broad Street, New York-. 
115 Broadway, New York --- 
32 Nassau Street, New York 

Richmond, Va. 

Durham, N. C 

Baltimore, Md 

Baltimore, Md. 

Baltimore, Md 

Baltimore, Md. 

Baltimore, Md. 

Baltimore, Md 

Baltimore, Md 



November 
November 
November 
November 
November 
November 
November 
November 
November 
November 
November 
November 
November 
November 
November 
November 



12, 1908 
12, 1908 
12, 1908 
12, 1908 
12, 1908 
12, 1908 
12, 1908 
12, 1908 
12, 1908 
12, 1908 
12, 1908 
12, 1908 
12, 1908 
12, 1908 
12, 1908 
12, 1908 



184 



I^. C. CORPORATION COMMISSIOON". 



PROPERTY OPERATED-State of North Carolina 

1. Line owned by respondent : 

A. Main line. 

B. Branches and spurs. 

2. Line operated by respondent but owned by 

another corporation, control being secured 
through stock ownership. 



Line operated under lease for specified sum. 

Line operated under contract or agreement, 
or where the rent is contingent upon earn- 
ings or other considerations. 

Line operated under trackage rights. 





Terminals. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 


Name. 


From— 


To- 


Each Class 
of Roads 
Named. 


1 A. — Seaboard Air Line 


Virginia State Line — 
Virginia State Line — 
Virginia State Line — 
Weldon — 


Weldon- 


18.40 
32.30 

7.50 

96.20 

96.60 

264.63 

14.30 

7.00 
41.40 
10.00 
11.20 

4.70 

1.70 
10.13 

4.51 






Lewiston - 


















Raleigh— 


Hamlet- 






Wilmington 


Rutherford ton 

S. C. State Line 

S. C. State Line 

Durham 






Monroe - 






Hamlet 






Henderson 






Franklin ton - - 


Louisburg 






















Mills Junction 

Hamlet 


Henrietta Mills 


- 












Roanoke Junction 

Hilton 


Roanoke Rapids - 


620.57 
2 54 


1 B.— Seaboard Air Line 

Railway -- - - 




4.— Wilmington Railway and 
Bride'e Co 


Navassa 




2.40 












Total 


625. 51 













PROPERTY OPERATED— Entire Line. 



1 A.— Seaboard Air Line 
Railway 



Hermitage -— 
Portsmouth — 

Weldon 

Raleigh 

Wilmington — 

Monroe 

Belt Junction- 
Hamlet 

Cheraw 

Camden 



Norlina 

Weldon 

Raleigh 

Hamlet 

Rutherford ton - 
Belt Junction- - 

Howell 

Cheraw 

Camden 

Columbia 



102.10 

78.60 

96.20 

96.60 

264.63 

261. 10 

8.10 

18.28 

54.94 

82.66 



SEABOAED AIR LII^E RAILWAY. 



185 



PROPERTY OPERATED-Entire Line-Continued. 



Name. 



Terminals. 



From- 



To- 



Miles of 

Line for 

Each Road 

Named. 



Miles of 
Line for 
Each Class 
of Roads 
Named. 



1 A. — Seaboard Air Line 

Railway — Continued ■ 



1 B.— Seaboard Air Line 
Railway 



Columbia 

Savannah 

Lyons 

Savannah 

Jacksonville 

Fernandina 

Waldo - 

Henderson 

Dickerson 

Boykins 

Franklinton 

Moncure 

Ellenboro 

Mill Junction 

Lawrenceville 

Hamlet 

Columbus 

Abbeville 

Savannah River -. 

Drifton 

Tallahassee 

Fernandina 

Archer 

Wildwood 

Silver Spring- Jet. 
Sumterville Jet. -- 

Summerfield 

Starke 



Roanoke Junction — 
Archer (Standard) - 

Early Bird 

Lake GrifRn Spur-- 

Camp 

Belt Junction 

Quincy (Owl Mills)- 



Savannah 

Meldrin 

Montgomery 

Jacksonville 

River Junction 

Cedar Keys 

Tampa 

Durham 

Oxford 

Lewiston 

Louisburg 

Pittsboro 

Caroleen 

Henrietta Mills 

Log-anville 

Gibson 

Albany 

Ocilla 

Hutchinson's Island- 

Monticello 

St. Mark's 

Amelia Beach 

Early Bird 

Lake Charm 

Silver Springs 

Sumterville 

Lake Weir 

Wannee 



Roanoke Rapids 

Mine 

Mine 



Spur 

Inman Park 



138.55 

16.99 

262. 99 

138.96 

209.06 

155.70 

155.44 

41.40 

4.51 

35.00 

10.00 

11.20 

4.70 

1.70 

10.33 

10.13 

88.00 

30.80 

2.08 

4.38 

20.35 

.25 

28.75 

70.16 

1.90 

2.07 

7.65 

56.44 



2.54 
2.83 
.60 
.59 
1.71 
5.00 
1.95 



2,532.70 



15.22 



186 



N. C. CORPORATION COMMISSIOI^. 



PROPERTY OPERATED-Entire Line-Continued. 





Terminals. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 


Name. 


From— 


To- 


Each Class 
of Roads 
Named. 


3. Central of Georgia 




Meldrin — 




57 65 


4. Wilmington Railway 


Hilton - — 








5. Western and Atlantic 
Railway -- - _ 


Howells -- -- - - 


Atlanta- 




3 00 














2,610.97 











The above does not include 2.00 miles of line from Fernandina to Amelia Beach, leased, nor 
Turkey Creek Spur to Durant, 4.33 miles, leased. 



CAPITAL STOCK. 



Description. 



Number 
of Shares 
Author- 
ized. 



Par 
Value 
of One 
Share. 



Total 
Par Value 
Authorized. 



Total Par 
Value 
Out- 
standing. 



Total Par 
Value Held 
by Re- 
spondent 

Corpo- 
ration in 
Treasury. 



Total Par 

Value 
Not Held 

by Re- 
spondent 
Corpora- 
tion. 



Capital stock— common 

preferred — 
Total 



$ 750,000 
250,000 



1,000,000 



$ 100.00 
100.00 
100.00 



$ 75,000,000 
25,000,000 



$37,516,000 
25,000,000 



$ 496,600 
1,105,900 



100,000,000 



62,516,000 



1,602,500 



$37, 019, 400 
23,894,100 
60, 913, 500 



Purpose of the Issue. 



Total 
Number 
of Shares 

Out- 
standing. 



Issued for additions and betterments — common 

I Common 

Issued for reorganization — < 

i Preferred 

Total 



2,000 
373, 160 
250, 000 



625,160 



SEABOARD AIR LINE RAILWAY. 



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SEABOARD AIR LINE RAILWAY. 



189 



RECAPITULATION OF FUNDED DEBT. 





Total Par 
Value Out- 
standing. 


Total Par 
Value Held 
by Respond- 
ent Corpo- 
ration in 
Treasury. 


Total Par 

Value 

Not Held by 

Respondent 

Corporation. 


Interest. 


Class of Debt. 


Amount 

Accrued 

During 

Year 


Amount 

Paid 
During 
Year. 


Mortgage bonds 

Collateral trust bonds 

Equipment trust obligations, 


$ 88,175,000- 
15,364,000 
6,785,000 


$ 38,655,000 


$ 49,520,000 
15,364,000 
6,785,000 


$2,332,650.00 
769,950.00 
347,334.81 


$1,918,525.00 
733,200.00 
365,375.00 


Total. - -. 


110,324,000 


38,655,000 


71,669,000 


3,449,934.81 


3,017,100.00 







RECAPITULATION OF CAPITALIZATION. 



Account. 


Total 

Par Value 

Outstanding. 


Assignment 

to 

Railways. 


Amount 
per Mile of Line. 


Remarks. 




Miles. 


Amount. 




Capital stock 

Funded debt 


$ 62,516,000 
110,324,000 


$ 62,516,000 
110,324,000 


2,554.25 
2,554.25 


$24,475.00 
43,192.00 


Funded debt per mile com- 
puted on bonded liability 
in hands of the public and 
in the treasury. 


Total 


172,840,000 


172,840,000 


2,554.25 


67,667.00 



190 



1st. c. cokporatioi^ commission. 



RECEIVERS' CERTIFICATES. 





Date Issued. 


Amount 
Issued. 

• 


Amount 
Outstanding. 


Interest. 




Amount 
Accrued Dur- 
ing Year. 


Rate. 


June 15 1908- — - 


$ 3,000,000 
260,000 


$ 3,000,000 
260,000 


$ 7,980.00 
650.00 


6% 
6% 


June 16 1908- 






Total - 


3,260,000 


3,260,000 


8,630.00 











CURRENT ASSETS AND LIABILITIES. 



CASH AND CURRENT ASSETS AVAILABLE FOR PAYMENT OF CURRENT LIABILITIES 

Cash 

Bills receivable : 

Due from agents 

Due from solvent companies and individuals 

Traffic balances due from other companies 

Other cash assets (excluding "materials and supplies")^ 

Total— Cash and current assets 

Balance — Current liabilities 

Total 

CURRENT LIABILITIES ACCRUED TO AND INCLUDING JUNE 30, 1908. 

Receivers' certificates 

Loans and bills payable 

Audited vouchers and accounts 

Wages and salaries 

Traffic balances due to other companies 

Matured interest coupons unpaid (including coupons due July 1) 

Miscellaneous 

Total— Current liabilities 

Total 



$ 3,551,825.98 


138,733.82 


298,342.65 


688,849.66 


321,194.77 


59,099.36 


5,058,046.24 


6,991,010.19 


12,049,056.43 


3,260,000.00 


4,135,427.43 


2,334,605.88 


583,203.42 


332,233.37 


1,267,416.00 


136,170.33 


12,049,056.43 



12,049,056.43 



^Materials and supplies on hand, $1,204,902. 



SEABOARD AIR LINE RAILWAY. 



191 



ADDITIONS AND BETTERMENTS EXPENDITURES. 



Account. 



Right of way and station grounds 

Bridges, trestles and culverts 

Increased weight of rail 

Ballast 

Sidings and spur tracks 

Terminal yards 

Fencing right of way 

Improvement of over and under grade crossings 

Track elevation, elimination of grade crossings, etc 

Block and other signal apparatus 

Station buildings and fixtures 

Shops, enginehouses and turntables 

Shop machinery and tools 

Water and fuel stations 

Dock and wharf property 

Miscellaneous structures 

Steam locomotives 

Passenger train cars* 

Freight train cars 

Work equipment 

Floating equipment* 

Total-Entire line 



Charged to 
Capital. 



68,165.37 

27,542.18 

97,654.21 

45, 102. 78 

86,919.11 

62,863.54 

271.26 

14,252.20 

360.27 

1,060.58 

43,524.68 

322,683.85 

116,857.22 

38,551.91 

82,590.02 

915.00 

389,940.49 

1,229.98 

2,094,352.12 

91,667.34 

75.00 



3,583,< 



15 



*Credit. 



192 



]^T. C. CORPORATIOOSr COMMISSION. 



EXPENDITURES FOR ROAD. 



Account. 



Road— 

Stock bonus to subscribers to $5,000,000 bonds 

Engineering- 

Right of way and station grounds 

Real estate 

Grading 

Bonds of proprietary companies sold 

Bridges, trestles and culverts 

Ties 

Rails 

Frogs and switches 

Track fastenings and other materials 

Ballast 

Track laying and surfacing 

Fencing right of way 

Crossings and signs 

Interlocking and other signal apparatus 

Telegraph and telephone lines — 

Station buildings and fixtures 

Shops, enginehouses and turntables 

Shop machinery and tools 

Water stations 

Fuel stations 

Grain elevators 

Storage warehouses 

Dock and wharf property 

Electric-light plants 

Electric-power plants 

Acquired by control of stock 

Miscellaneous structures 

Cost of road purchased 

Total 



Expenditures 
for Additions 

and Better- 
ments During 
Year, Charged 

to Capital. 



*2, 500.00 
18,182 82 
73,276.57 



31,471. 



38,431.07 

21,501.34 

109,832.25 

17, 642. 35 

39,418.71 

40,745.93 

30,103.12 

271. 26 

1,166.37 

693.92 



54,537.63 

289,788.11 

116,146.25 

7,120.04 

53,654.22 



63, 248. 52 
926.36 



1,055.74 



1,006,714.18 



Total Cost to 
June 30. 1907. 



$12,500,000.00 

42, 146. 71 
732,472.78 

90,823.92 
569,100.78 
580,000.00 
307,054.94 
191,592.75 
884,509.08 

99,198.46 
231,903.78 
387,835.36 
265,293.15 

49,113.12 
122,634.02 

10,868.21 

1,775.15 

849,510.32 

211,679.75 

158,332.75 

61,244.87 

65,700.40 
632.89 

10,025.11 
225,643.26 

10,016.02 

700. 00 

94,315,842.34 

61,054.60 
8,533.13 



Total Cost to 
June 30, 1908. 



$ 12,497, 

60, 
805, 

90, 
600, 
580, 
345, 
213, 
994, 
116, 
271, 
428, 
295, 

49, 
123, 

11, 

1, 

904, 

501, 

274, 

68, 
119, 

10, 



10, 



94,315, 
62, 



500.00 
329.53 
749.35 
823.92 
572.38 
000.00 
486.01 
094.09 
341.33 
840.81 
322.49 
581.29 
396.27 



562.13 
775. 15 
047.95 
467.86 
479. 00 
364.91 
354.62 
632.89 
025.11 
891,78 
942.38 
700.00 
842.34 
110.34 
533.13 



113,045,237.65 114,051,951.83 



^Credit. 



SEABOARD AIR LINE RAILWAY. 



193 



EXPENDITURES FOR EQUIPMENT, GENERAL EXPENDITURES AND RECAPITULATION. 



Account. 



Expenditures 
for Additions 

and Better- 
ments During- 
Year, Charged 

to Capital. 



Total Cost to 
June 30, 1907. 



Total Cost to 
June 30, 1908. 



Equipment— 

Acquired through stock purchase - 

Steam locomotives 

Destroyed equipment June 30, 1903 

Passenger train cars 

Freight train cars 

Work equipment 

Floating equipment 

Depreciation July 1, 1907 

Total 

General Expenditures— 

Law expenses 

Insurance 

Other expenditures 

Total 

Recapitulation— 

Road 

Equipment 

General expenditures 

Total— Entire line 



Cost of road per mile of line 

Cost of equipment per mile of line 

General expenditures per mile of line- 
Total per mile of line 



,940.49 



*1,229.98 

2,094,352.12 

91,667.34 

*75.00 

*2, 684, 175. 21 



$ 3,582,114.02 

2,866,695.52 

*377,694.53 

733,475.02 

7,966,674.19 

114,595.58 

11,976.30 



3,582,114.02 

3,256,636.01 

*377,694.53 

732,245.04 

10,061,026.31 

206,262.92 

11,901.30 

2,684,175.21 



^109,520.24 



14,897,836.10 



14,788,315.86 



7,585.54 



100.00 



11,066.04 



7,585.54 

100.00 

11,066.04 



100.00 



18,751. 



1,006,714.18 

*109, 520.24 

100.00 



113,045,237.65 

14,897,836.10 

18,651.58 



114,051,951.83 

14,788,315.86 

18,751.58 



897,293.94 



127,961,725.33 



128,859,019.27 



44,258.00 

5,833.00 

7.00 



44,652.00 

5,790.00 

7.00 



50, 



00 



50,449.00 



*Credit. 



Corp. 2 13 



194 



]^. C. CORPORATION COMMISSION. 



INCOME ACCOUNT. 



Operating Income— 








Rail operations: 










$15,675,449.14 
11,979,918.72 








$3,695,530.42 














Outside operations: 






Rpvpnnpc! 


103,415.85 
106,024.18 






T5^vr>pn«?P'? 


2,608.33 
3 692 922 09 








Net deficit 






Total net revenue 






Taxes accrued - - - - 




600,500.00 




Operating income- _ _ .. _ _ 




$ 3 092 422 09 


Other Income— 








Rents accrued from lease of road - 




1.440 00 




Other rents— Credits: 










10,895.47 

19,070.55 

104.33 

13,016.67 


















Dividends declared on stocks owned or controlled 


30,070.35 




Interest accrued on funded debt owned or con- 
trolled - - - 


3,544.44 


16. 561. 11 








Total other income 




48 071 46 


Gross corporate income 






3 140 493 55 


Deductions from Gross Corporate Income— 








Rents accrued for lease of other roads 




51 000 00 




Other rents— Debits: 










46,756.80 
13,015.00 














59,771.80 










Interest accrued on funded debt 




3,449,934.81 
265,660.49 




Other interest - 












Total deductions from gross corporate income- 




3.826,367.10 








685,873.55 












685.873.55 











SEABOAED AIR LINE RAILWAY. 



195 



PROFIT AND LOSS ACCOUNT. 





Debit. 


Credit. 


Balance June 30 1907 




$ 1,396,217.42 


Additions for Year— 




Profif an cinlp nf ^pr*nrifip«; 




500.00 


SnnHrv Hahilifv nf»pminfci 




14,612.43 






Ralnrirp rifkhit .TiTni^ J^O 1Q08 parrif^fl fn HalanpA «iV»ppt 


2,669,758.37 






4,081,088.22 




$ 685,873.55 




Deductions for Year— 




Charge account of depreciation of equipment to June 30, 1907. net- 


2,062,913.66 




Contingent reserves created for injury to persons, loss and dam- 
age and other causes 


1,049,021.84 
25,375.00 




Discount on collateral bonds - - 




Discount on receivers' certificates 


97,800.00 




Adjustment in material account prior to receivership 


66, 000. 61 




Expenditures for proposed betterments and extension 


28,629.67 




Sundry accounts written off 


65,473,89 






4,081,088.22 





196 



N. C. COEPORATIOiq^ COMMISSIOTnT. 



OPERATING REVENUES-Siate of North Carolina. 



Account. 



Revenue from Transportation — 

P'reight revenue. ._ 

Passenger revenue 

Excess baggage revenue 

Mail revenue 

Express revenue 

Other passenger train revenue 

Total passenger service train revenue 

Switcliing revenue 

Special service train revenue 

Miscellaneous transportation revenue 

Total revenue from transportation 

Revenue from Operations Other than Transportation — 

Station and train privileges 

Storage — freight 

Storage — baggage 

Car service 

Rents of buildings and other property 

Miscellaneous 

Total revenue from operations other than transportation 

Total operating revenues — State 

Total operating revenues — Entire line 



Total 
Revenues. 



$ 3,590,299.23 



895,867.56 

8,066.35 

83,728.42 

129,038.46 

63.28 



1,116,764.07 



9,576.99 

3,134.07 

141.02 



4,719,915.38 



1,982.92 
25,775.02 
240.25 
8,510.53 
8,118.33 
5,795.53 



50,422.58 



4,770,337.96 



15,675,449.14 



SEABOAED AIR LIKE RAILWAY. 



19Y 



RAILWAY STOCKS OWNED. 
ACTIVE CORPORATIONS. 



Name of Corporation and Security. 


Par Value of Stocks 

Owned Not Held in 

Sinking or Other Funds. 


Rate. 


Dividends 
Declared. 


Valuation. 




Unpledged. 


Pledged. 




Stocks of Respondent Corpora- 
tion — 

S. A. L. Ry. — preferred 

SAL Ry — common 


$1,105,900 00 
496,600.00 


$ 




$ 


$1,105,900.00 






496,600.00 


Stocks of Corporations whose 
Property does not form a Part 
OF THE System of Respondent 
Corporation — 

Atlanta and B'ham Air Line Ry 


1,525,000.00 








Colurnbia, Newberry and Lauren,s 


83,350.00 
45,500.00 






1,000.00 


Catawba Valley Ry 








45,500.00 


Florida West Shore Ry 


500,000.00 






75,200.00 


Macon, Dublin and Savannah 


940,000.00 
137,500.00 








Plant City, Arcadia and Gulf 








91,464.00 


Richmond- Washington Co 


445,000.00 






445,000.00 


Tallahassee, Perry and South- 


307,500.00 

40,000.00 

20,000.00 

12,500.00 

8,333.34 








Union Springs and Northern Ry. . 
Wi'mington Ry. Bridge Co.__ 
















1.00 


Athens Terminal Co. 










Durham Union Station Co 

Jacksonville Terminal Co. 


50,000.00 


5% 


416.67 


8,333.34 
14.185.97 


Norfolk and Portsmouth Belt 
Line R R 


7,200.00 

5,000.00 

100,000.00 

29,500.00 






7.708.09 


North Carolina Terminal Co _ 








5.290.48 


Savannah Union Station Co 








54.638.36 


Tampa Terminal Co 








29,588.89 












Total 


3,338,883.34 


2,520,000.00 




416.67 


2,380,410 13 







INACTIVE CORPORATIONS. 



Name of Corporation. 


Name of 
Security. 


Total Par 

Value of 

Stock 

Outstanding. 


Par Value of Stocks 
Owned. 


Valuation 
of Stocks 




Unpledged. 


Pledged. 


Owned. 


Atlantic, Suwanee River and 
Gulf Ry 


Stock 

Com. stock .. 
Guaranteed. _ 
2d preferred _ 
Stock 


$ 380,000.00 

1,144,200.00 

200,000.00 

44,200.00 

2,033,000.00 


$ 


$380,000.00 

1,144,200.00 

200,000.00 

44,200.00 


$ 


Seaboard and Roanoke R. R. 






Seaboard and Roanoke R. R. -.. 






Seaboard and Roanoke R. R 

South Bound R. R._. _. 


2,033,000.00 


224,605.79 








Total.. ___ ._ . ._ . . 




3,801,400.00 


2,033,000.00 


1,768,400.00 


224,605.79 









198 



N. C. CORPORATION COMMISSION. 



RAILWAY FUNDED DEBT OWNED. 

ACTIVE CORPORATIONS. 



Name of Corporation and Security. 


Par Value of Funded 
Debt Owned Not Held in 
Sinking or Other Funds. 


Rate. 


Valuation. 




Unpledged. 


Pledged. 




Funded Debt of Respondent Corporation — 

Seaboard Air Line Ry., first mortgage, 4's 

Seaboard Air Line Ry., gen. mortgage, 5's 

Funded Debt op Corporations whose Prop- 
erty FORMS A Part of the System of Re- 
spondent CORPORATIOIN 

Georgia and Alabama, 1st con. mortgage 


$ 

1,000.00 


27,000,000.00 
11,654,000.00 

100,000.00 




$27,000,000.00 
11,655,000.00 

100,000 00 


Seaboard Air Line Belt, first mortgage 


600,000,00 


510,625 00 


Funded Debt of Corporations whose Prop- 
erty DOES not form a PaRT OF THE SVSTEM 

OF Respondent Corporation — 

Atlanta and B'ham A. L., 1st mortgage 


150,000.00 
2,000,000.00 




127 500 00 


Atlanta and B'ham A. L., 2d mortgage 

Athens Terminal Co. 


61,000.00 

111. ,000. 00 

35,000.00 

13,000.00 


2,000,000.00 
54 900 00 


Catawba Valley Ry. 


139,000.00 


5% 


150,000 00 


Charlotte, Monroe and Columbia R. R. 


30,156 00 


Durham Union Station Co. 




13,000.00 


Florida West Shore Ry ' 


38,000.00 

5,000.00 

315,000.00 


5% 


35,720.00 


Macon, Dublin and Savannah R. R 

Tallahassee, Perry and Southeast Ry 


9,000.00 


41,580.70 
202,322.39 








Total 


830,000.00 


41,401,000.00 




41 920 804 09 







^Including interest accrued, $3,2 64.44. 

INACTIVE CORPORATIONS. 



Name of Corporation. 


Name of 
Security. 


Total Par 
Value of 
Funded 

Debt 

Out- 
standing. 


Par Value of Funded 
Debt Owned. 


Valuation 

of 

Funded 

Debt 
Owned. 


Un- 
pledged. 


Pledged. 


Atlantic, Suwanee Rivrr and 
Gulf Rv. 


1st mtg. bonds 
1st mtg. bonds 
1st mtg. bonds 
1st mtg. bonds 


$448,000.00 
25,000.00 
30,000.00 
20,000.00 


$ 


$448,000.00 
25,000.00 
30,000.00 


$273,283.78 


Oxford and Coast Line R. R.__ 
Fernandina Terminal 


82,476.39 
30.000.00 


Fernandina Terminal 


20,000.00 


20,000.00 






Total 




523,000.00 


20,000.00 


503,000.00 


405,760.17 











SEABOARD AIR LINE RAILWAY. 



199 



MISCELLANEOUS STOCKS AND FUNDED DEBT OWNED. 
OTHER THAN RAILWAY STOCKS. 



Name. 


Total 

Par Value of 

Securities 

Owned. 


Rate. 


Dividends 
Declared. 


Valuation. 


Baltimore Steam Packet Co - -- -- 


$ 400,000.00 

210,000.00 

43,400.00 

183,700.00 

25,000.00 


6% 


$ 

12,600.00 


$ 800,229.15 




248,750.00 




43, 400. 00 












132,236.25 


Chas., Aug-, and Chatta. A, L. ) 






28, 678. 33 










Total -- - 


862,100.00 




12,600.00 


1,253,293.78 







OTHER THAN RAILWAY FUNDED DEBT. 



Name. 


Total 

Par Value of 

Securities 

Owned. 


Interest 
Accrued. 


Valuation. 


Florida Publishing Co 


$ 4,666.67 


$ 280.00 


$ 800.00 




Total 


4, 666. 67 


280.00 


800 00 







200 



IsT. C. CORPORATION COMMISSIOlSr. 



OPERATING EXPENSES-Entire Line. 



Account. 



Maintenance of Way and Structures— 

Superintendence 

Ballast 

Ties 

Rails 

Other track material 

Roadway and track 

Removal of snow, sand and ice 

Bridges, trestles and culverts 

Over and under grade crossings 

Grade crossings, fences, cattle-guards and signs 

Signals and interlocking plants 

Telegraph and telephone lines 

Buildings, fixtures and grounds 

Docks and wharves 

Roadway tools and supplies 

Work equipment— repairs 

Work equipment— renewals— Cr. 

Work equipment— depreciation 

Injuries to persons 

Stationery and printing 

Insurance 

Other expenses 

Total of foregoing accounts 

Maintaining joint tracks, yards and other facilities— Dr 

Maintaining joint tracks, yards and other facilities— Cr. 

Total— Maintenance of way and structures 

Maintenance of Equipment— 

Superintendence 

Steam locomotives— repairs 

Steam locomotives— renewals 

Steam locomotives— depreciation 

Passenger train cars— repairs 

Passenger train cars— renewals 

Passenger train cars— depreciation 

Freight train cars— repairs 

Freight train cars— renewals 

Freight train cars— depreciation 



Amount. 



94,022.79 

834.30 

416,000.00 

441,948.86 

86,702.64 

883,678.67 

426. 04 

344,326.14 

7, 180. 74 

6,006.49 

1,040.79 

13,298.99 

134,578.17 

48,083.79 

23,534.66 

26,785.34 

1,130.99 

4, 067. 35 

11,195.50 

1,908.34 

29,112.98 

8,012.46 



2,181,713.95 
37,283.43 
14,501.97 



2,204,495.41 



70,020.92 

989,035.63 

2,132.08 

82,173.56 

225,265.18 

2, 777. 93 

29,603.22 
691,358.72 

29,046.10 
171,281.11 



Ph 0) ft 



4.26 

.04 

18.87 

11.90 

3.92 

40.08 

.02 

15.62 

.32 

.27 

.05 

.60 

6.10 

2.18 

1.06 

1.21 

.05 

.18 

.58 

.08 

1.32 

.36 



.97 



.66 



100.00 



2.88 

40.78 

.09 

3.39 

9.29 

.11 

1.22 

28.51 

1-20 

7.06 



.2 2 §6 
-M a> ft I, 
cs ft X 5 
tfOH ft 



SEABOARD AIR LINE RAILWAY. 



201 



OPERATING EXPENSES-Entire Line-Continued. 



Account. 



Amount. 



5 c 



Ǥ3a 



-CO)-'-' 
rt C <1> 

.9 2 cju 

-P 0) ft i. 

cs ft X 3 
tfOH ft 



Maintenance of Equipment— Cowimwed. 

Floating equipment— repairs 

Floating- equipment — depreciation 

Shop machinery and tools 

Power plant equipment 

Injuries to persons 

Stationery and printing 

Insurance 

Other expenses 

Total of foregoing accounts 

Maintaining joint equipment at terminals — Dr. 

Equipment borrowed— Dr 

Maintaining joint equipment at terminals— Cr. - 

Equipment loaned — Cr. 

Total— Maintenance of equipment 

Traffic Expenses— 

Superintendence 

Outside agencies 

Advertising 

Traffic associations 

Fast freight lines 

Industrial and immigration bureaus 

Stationery and printing 

Insurance 

Other expenses 

Total— Traffic expenses 

Transportation Expenses— 

Superintendence 

Dispatching trains 

Station employees 

Weighing and car service associations 

Coal and ore docks 

Stockyards and grain elevators 

Station supplies and expenses 

Yardmasters and their clerks 

Yard conductors and brakemen 

Yard switch and signal tenders 



7,351.34 

1,078.08 

59,417.66 

27.22 

6,761.53 

4,238.33 

32,116.00 

155.25 



.05 
2.45 



.28 

.17 

1.32 

.01 



.06 
.04 

.27 



2,403,839.86 

12,381.10 

245,503.93 

622. 92 

235,928.70 

2,425,173.27 



99.11 
.51 

10.12 

.02 

9.72 



20.06 

.10 

2.05 

.01 

1.97 



100.00 



20.24 




28.69 

42.13 

7.46 

3.90 

1.12 

3.38 

8.31 

.02 

4.99 

100.00 



1.33 
1.95 
.34 
.18 
.05 
.16 
.38 

.23 

4.62 



143,506.07 

78,822.16 

1,140,387.68 

37,445.38 



2.28 

1.25 

18.11 

.59 



1.20 



3,668.17 

64,090.71 

97,589.90 

173,787.92 

2,026.86 



.06 
1.02 

1.55 

2 75 

.03 



.03 
.54 

.82 

1.45 

.02 



202 



N. C. COKPOEATION COMMISSIOlSr. 



OPERATING EXPENSES— Entire Line-Continued. 



Amount. 



o<3u 

■■Sis ^ 



-12 0) ft s^ 
cs ft X S 
tfOH ft 



Transportation Expenses— Coneinwed. 

Yard supplies and expenses 

Yard enginemen 

Enginehouse expenses— yard 

Fuel for yard locomotives 

Water for yard locomotives 

Lubricants for yard locomotives 

Other supplies for yard locomotives 

Total of last fifteen accounts 

Operating joint yards and terminals — Dr. 

Operating joint yards and terminals— Cr. 

Total station and yard expenses 

Motormen 

Road enginemen 

Enginehouse expenses— road 

Fuel for road locomotives 

Water for road locomotives 

Lubricants for road locomotives 

Other supplies for road locomotives 

Operating power plant 

Purchased power 

Road trainmen 

Train supplies and expenses 

Interlockers, block and other signals— operation 

Crossing flagmen and gatemen 

Drawbridge operation 

Clearing wrecks 

Telegraph and telephone — operation 

Operating floating equipment 

Stationery and printing — 

Express service 

Insurance 

Other expenses 

Loss and damage— freight 

Loss and damage— baggage 

Damage to property 



5,479.60 

153,247.35 

28,720.04 

174,724.26 

10,195.90 

3,954.28 

2,975.94 

,898,293.99 

103,019.35 

70,269.49 



1,931.043.85 



670, 505. 65 
108,508.94 
,388,057.54 
63,539.70 
32,993.80 
24,391.83 



502,706.71 
151,598.55 
4,456.96 
18,629.42 
8, 289. 92 
48,660.27 
38.148.17 
52,155.40 
61,912.08 



48,546.31 

4,258.28 

511.023.37 

6,030.96 

80,078.45 



.09 

2.43 

.46 

2.77 
.16 
.06 
.05 



30.13 
1.63 
1.12 



30.64 



10.65 
1.72 

22.03 

1.01 

.51 



7.98 
2.41 
.07 
.30 
.13 
.77 
.66 
.83 



.77 
.07 

8.12 
.10 

1.27 



SEABOARD AIR LINE RAILWAY. 



203 



OPERATING EXPENSES-Entire Line-Continued. 



Account. 



Amount. 



^ o jj 
o "'^ 



o<6 



rf ft X S 
tf OH ft 



Transportation Expenses— Conimwed. 

Damage to stock on right of way 

Injuries to persons 

Total of last twenty-six accounts 

Operating joint tracks— Dr. 

Operating joint tracks— Cr. 

Total movement expenses 

Total— Transportation expenses 

General Expenses— 

Salaries and expenses of general officers 

Salaries and expenses of clerks and attendants 

General office supplies and expenses 

Law expenses 

Insurance 

Pensions 

Stationery and printing 

Other expenses 

Total of foregoing accounts 

General administration joint tracks, yards and terminals— Dr. 

Total — General expenses 

Recapitulation of Expenses— 

Maintenance of way and structures 

Maintenance of equipment 

Traffic expenses 

Transportation expenses 

General expenses 

Total operating expenses 

Ratio of operating expenses to operating revenues, 76.42 per 
cent. 

Operating Expenses— State of North Carolina— 

Maintenance of way and structures 

Maintenance of equipment 

Traffic expenses 

Transportation expenses 

General expenses 

Total operating expenses 

Ratio of operating expenses to operating revenues, 70.40 per 
cent. 



106,695.52 
212, 884. 44 



1.69 
3.38 



4,144,072.27 
1,489.20 
2,096.53 



65.84 
.02 
.03 



4,143,464.94 



65.83 



, 296, 837. 02 



100.00 



59,433.65 

193,271.16 

23,796.63 

156,634.03 

164.10 

2,269.98 

18,592.55 

42, 997. 55 



11.88 

38.63 

4.76 

31.31 

.003 

.45 

3.72 

8.59 



497, 159. 65 
3,156.55 



99.37 
.63 



500,316.20 



100.00 



2,204,495.41 
2,425,173.27 

553,096.82 
6,296,837.02 

500,-316.20 



11,979,918 72 



584,117.10 
776,831.33 
136,244.15 
1,731,374.17 
129,621.85 



3,358,188.60 



204 



N. C. CORPORATIOISr COMMISSIOJT. 



OUTSIDE OPERATIONS. 



Designation. 


Revenues. 


Expenses. 


Net 
Revenue 

or 
Deficit. 


DininP' ftr\(i anppial rnr s;f>rvipp 


$103,415.85 


$106,024.18 


$2,608.33 




Total 






2,608.33 









RENTS RECEIVABLE. 
FROM LEASE OF ROAD. 



Property Leased. 


Location of Property. 


Name of Lessee. 


Item. 


Total. 




Cameron to Carthage, 
N C 


Randolph and Cum- 
berland R. R. 


$1,440.00 














Total 




$ 1,440 00 













FROM JOINT FACILITIES. 



Facility Leased. 


Location of Property. 


Name of Lessee. 


Item. 


Total. 


Joint Tracks— 










Main line track 


Weldon, N. C, to 
Garys, N. C 


A. C. L. R. R 


$ 5,632.08 






Archer, Fla., to Mor- 
riston, Fla 


A. C. L. R. R 


6,142.16 






Cheraw, S. C, to 

Marbury, S. C. 


Chesterfield and Lan- 
caster R. R. 


300.00 






Welborn. Fla. 


Florida and Georgia 
Ry 


240.00 




Joint Yards and Ter- 


Tavares, Fla., to 
Ellsworth Jet., Fla.- 


Tavares and Gulf R. R. 


165.00 


$ 12,479.24 


minals— 


















6 591 31 












Total 


19,070.55 











Note.— Other miscellaneous rents, $104.33. 



SEABOARD AIE, LINE RAILWAY. 



205 



RENTS PAYABLE. 
FOR LEASE OF ROAD. 



Name of Lessor. 


Location of Property. 


Cash. 


Total. 


Lyons Branch of C of Ga. Ry 


Meldrim Ga.. to Lyons, Ga. 


$43,500.00 
7,500.00 




Bplt R R Co 
















$ 51,000.00 







FOR JOINT FACILITIES. 



Facility Leased. 


Location of Property. 


Name of Lessor. 


Item. 


Total. 


Joint Tracks— 










Waterworks tracks 


Montgomery, Ala 


Central of Ga. Ry 


$ 476.00 




Passenger train 


Ho wells, Ga., to At- 
lanta, Ga 


N. C. & St. L. Ry 


6,354.16 




Bridge and tracks 


Hilton, N. C, to Na- 
vassa, N. C 


Wilmington Bridge 
Co - 


5,425.00 








$12,255.16 










34,501.64 


Total 








46,756 80 











MISCELLANEOUS RENTS. 



Description of Property. 


Location of Property. 


Name of Lessor. 


Item. 


Total. 




Durham, N. C. 

Portsmouth, Va. 

Richmond, Va. 

Jacksonville, Fla. 


Southern Railway 

City of Portsmouth— 

N. W. Bowe, agent 
for A. D. Williams. - 

Dexter Hunter 


$ 600.00 
2,815.00 

600.00 
9,000.00 








Total - -_ 




$13,015.00 











206 



C. CORPORATION COMMISSION. 



Q 
H 

a 

UJ ^ 

a. Pi 

w :z; 

I 

H 



c 

O 


11 

3"< 


$ 9,293.97 

14,324.93 
695,877.41 


1 

05' 


32,662.40 

39,299.62 

710,864.36 

995.00 


^ 
i 


Amount 
Carried to 
Operating 
Expenses. 


$ 3,816.03 

4,759.96 
222,329.34 


^ 


12,427.94 

12,111.13 
211,389.63 


^ 


L 
Ij 

6 


$ 13,110.00 

19,084.89 
918,206.75 


1 


45,090.34 

51,410.75 

922.253.99 

995.00 





+5 

1 

'to 

pq 
1 


11 
^5 


1 to 1 
1 § 1 

i 




2,094.597 
389,052 


05 

s 

co' 


II 
I5 


1 ^ 1 


in 


1,228 

1,801,872 

994 


1 


Number 

Locomotive 

Miles. 






s 11 

1 ill 


1 

00 


III 
If 


CO 1 1 
ci 1 1 


CO 

05 

eo' 


in ill 
§ ill 
t-^ 1 1 1 


t-' 




£ 
s 

'5 


Accrued on Equipment Borrowed— 

Passenger locomotives 1 

Freight locomotives r 

Work locomotives J 

Passenger train cars 

Freight train cars 


i 


Accrued on Equipment Loaned— 

Passenger locomotives 1 

Freight locomotives i 

Work locomotives J 

Passenger train cars 

Freight train cars 

Work cars 


t 



SEABOARD AIR LINE RAILWAY 



207 



u o 



p. 
O . 

^^ m 

•r a 



CO 

si 



I? 

I| 
■3 s 

pq 



208 



N. C. CORPORATION COMMISSION. 



COMPARATIVE GENERAL BALANCE SHEET. 



June 30, 1907. 


ASSETS, 


June 30, 1908. 


Year Ending June 30, 1908. 


Total. 


Total. 


Increase. 


Decrease. 


$113,045 237.65 


Cost of road _ 


1114,051,951.83 

14,788,315.86 

18,751.58 

3,858,309.65 

42,327,364.26 

108,500.00 

5,760,000.00 
5,058.046.24 


$ 1,006,714.18 

100.00 

43,326.67 

38,850,865.94 


$ - 


14,897,836.10 


Cost of equipment _ _ 


109,520.24 


18,651.58 


General expenditures 

Stocks owned 




3 814 982 98 




3,476,498 32 


Funded debt owned 




108,500.00 


Leasehold interest in Wilmington 
Ry. bridge (per contra) 

First mtg. A. & B. A. L. Ry. to 

Knickerbocker Trust Co. to se- 
cure our 4 % 30 year gold bonds 
(per contra) 




5,760,000.00 






2,777,851.19 


Cash and current assets 

Other Assets. 
Equipment trusts . 


2,280,195.05 




2,178,159.53 


2,178,159.53 


2,009,153 67 


Materials and supplies. 


1,204,902.03 
6,733,208.20 
2,669,758.37 




804,251.64 


5,983,246.60 


Sundries - 


749,961.62 
2,669,758.37 






Profit and loss _ _ _ 






Grand total 




154,070,117.62 


196,579,108.04 


42,508,990.42 






LIABILITIES. 

Capital stock 

Funded debt 




62,516,000.00 


62,516,000.00 

110,324,000.00 

12,049,056.43 

602,415.43 
102,755.87 
314,487.24 

39,959.63 
108,500.00 

5,760,000.00 
1,955,630.40 
2,806,303.04 






71 602 000 00 


38,722,000.00 
4,134,255.00 

18,550.84 
102,755.87 




7 914 801 43 


Current liabilities 




583,864.59 


Accrued interest on funded debt 
not yet payable 






Other accrued interest 

Accrued taxes 




3'>3 488 03 


9,000.79 


39,959.63 


Reserve for acquiring outstand- 
ing capital stock of proprietary 
companies 






108,500.00 


Wilmington Ry. Bridge bonds 






5,760.000.00 


S. A. L. Ry., Atlanta & B'ham, 
1st mtg. 4% 30 year gold bonds 
(per contra) 








Due to proprietary companies _ . 
Reserve accounts 


1,955,630.40 
1,152,459.42 




*1 653 843 62 




2 171 442 90 


Sundries 


2,171,442.90 


1 396 217 42 


Profit and loss 






1,396,217.42 




Grand total 








154,070,] 17.62 


196,579,108.04 


42,508,990.42 









SEABOARD AIR LINE RAILWAY. 



209 



EMPLOYEES AND SALARIES— State of North Carolina. 



Class 


Num- 
ber. 


Total 
Number 
of Days 
Worked. 


Total 
Yearly Com- 
pensation. 


Average 
Daily 

Compen- 
sation. 


General ofiBcers 


16 

7 

145 

98 
418 
103 
124 

70 
269 

79 
103 
345 

99 
850 

36 

138 

4 

473 


1,470 

2,737 

51,773 

23,428 

133,142 
28,900 
30,327 
17,852 
66,687 
25,384 
26,965 
91,267 
29,960 

206,740 

11,010 

30,975 

1,041 

134,015 


S 21,170.19 
20,854.67 

110,843.12 
40,846.53 

185,730.11 

142,505.68 
59,327.82 
69,122.21 
99,846.42 
69,677.01 
62,758.43 

147,574.68 
49,807.60 

216,248.00 

14,135.14 

60,788.14 

2,164.80 

233,569.93 


$ 14 40 


Other officers 


7 62 


General office clerks 


2.14 


Station agents 


1.74 


Other station men 


1 39 


Enginemen 


4.93 


Firemen 


1.96 


Conductors 


3.87 


Other trainmen 


1.50 




2.74 


Carpenters 


2 33 


Other sliopmen 


1.62 


Section foremen 


1.66 


Other trackmen 


1.05 


Switch tenders, crossing tenders and watchmen. 
Telegraph operators and dispatchers 


1.28 
1 96 


Employees — account floating equipment 

All other employees and laborers 


2.08 
1.74 






Total (including General Officers) 

Less General Officers 


3,377 
16 


913,673 
1,470 


1,606,970.48 
21,170.19 


1.76 
14.40 






Total (excluding General Officers) 


3,361 


912.203 


1,585,800.29 


1.74 


Distribution of Above — 

Maintenance of way and structures 

Maintenance of equipment 


949 

527 

63 

1,733 

105 


236,700 
143,616 

22,522 
477,377 

33,458 


266,055.60 
280,010.12 

68,394.13 
908,036.78 

84,473.85 


1.12 
1 95 


Traffic expenses 


3 04 


Transportation expenses 


1.90 


General expenses 


2.52 






Total (including General Officers)..- 
Less General Officers 


3,377 
16 


913,673 
1,470 


1,606,970.48 
21,170.19 


1.76 
14.40 






Total (excluding General Officers)... 


3,361 


912,203 


1,585,800.29 


1.74 


Total (including General Officers)— 
Entire line 


14,020 


3,806,970 


fi fiQ-f^vin .^'i 


1.76 









Corp. 2 14 



210 



N. C. COKPORATION COMMISSION. 



TRAFFIC AND MILEAGE STATISTICS-Entire Line. 



Item. 



Column for 

Number 

Passengers, 

Tonnage, etc. 



Columns for Revenue 
and Rates. 



Passenger Traffic — 

Number of passengers carried earning revenue 

Number of passengers carried one mile 

Number of passengers carried one mile per mile 
of road 

Average distance carried — miles 

Total passenger revenue 

Average amount received from each passenger _ . 

Average receipts per passenger per mile 

Total passenger service train revenue 

Passenger service train revenue per mile of road . 
Passenger service train revenue per train mile 

Freight Traffic — 

Number of tons carried of freight earning revenue 

Number of tons carried one mile 

Number of tons carried one mile per mile of road _ 

Average distance haul of one ton — miles 

Total freight revenue 

Average amount received for each ton of freight . 

Average receipts per ton per mile 

Freight revenue per mile of road 

Freight revenue per train mile 

Total Traffic — 

Operating revenues 

Operating revenues per mile of road 

Operating revenues per train mile 

Operating expenses 

Operating expenses per mile of road 

Operating expenses per train mile 

Net operating revenue 

Net operating revenue per mile of road 

Average number of passengers per car mile 

Average number of passengers per train mile. .. 

Average number of passenger cars per train 
mile 



Dollars. 



3,552,105 
168.325,875 



64,469 
47.39 



3,739,013 
1 



4,597,345 

1,760 

1 



6,243,668 

936,280,025 

358,595 

149. 



10,524,716 
1 



4,030 
1 

15,675,449 

6.003 

1 

11,979.918 

4,588 

1 

3,695,530 

1,415 



Average number of tons of freight per loaded 
car mile 



Average number of tons of freight per train mile 
Average number of freight cars per train mile . 
Average number of loaded cars per train mile _. 
Average number of empty cars per train mile .. 
Average mileage operated during year 



13.97 

177.48 

19.48 

12.71 

5.89 

2,610.97 



Cts. 



Mills. 



262 
221 



474 



566 
124 



506 



810 



777 



SEABOAEI) AIR LINE RAILWAY. 



211 



TRAFFIC AND MILEAGE STATISTICS-Entire Line-Continued. 



Classification. 


Item. 


Total. 


Locomotive Mileage, Revenue Service — 


4,943,977 

4,081,809 

034,156 

14,286 

2,210.486 




Passenger locomotive miles.. 

Mixed locomotive miles 




Special locomotive miles 

Switching locomotive miles 


' ■ 






Total in revenue service .. _ 




11.884.714 








Nonrevenue service locomotive miles 




392.354 


Car Mileage, Revenue Service, Freight Car Miles — 
Loaded 


67.029,415 

31.08] .071 

4,fi35,277 




Empty 




Caboose.. _ - .. . . _. 








Total 




102.745.763 








Passenger Car IMiles— 

Passenger. --_ ............. 


17,065,961 
3,942,336 
1,374,472 




Sleeping, parlor and observation .. 




Other passenger train cars . . _ . ... .. 








Total --._.. 




22.382.769 








Special Car Miles — 

Passen^'^er 


69,401 
2,080 




Sleeping, parlor and observation 








Total-... 




71,481 








Total in revenue service ._. _ 




125,200,013 








Nonrevenue service car miles ... . . 




2,346,495 


Train Mileage. Revenue Service — 

Freight train miles 


4.041.228 

3,941,480 

634,156 

14,286 




Passenger train miles 




Mixed train miles . 




Special train miles 








Total revenue train mileage 




9,231,150 








Nonrevenue service train miles 




392,354 









212 



N". C. CORPORATION COMMISSION. 



TRAFFIC AND MILEAGE STATISTICS-State of North Carolina. 



Item. 



Column for 

Number 

Passengers, 

Tonnage, etc. 



Columns for Revenue 
and Rates. 



Passenger Traffic — 

Number of passengers carried earning revenue 

Number of passengers carried one mile 

Total passenger revenue 

Average amount received from each passenger .. 

Average receipts per passenger per mile 

Total passenger service train revenue 

Passenger service train revenue per mile of road. _ 
Passenger service train revenue per train mile 

Freight Traffic — 

Number of tons carried of freight earning revenue 

Number of tons carried one mile 

Number of tons carried one mile per mile of road _ 

Average distance haul of one ton — miles 

Total freight revenue 

Average amount received for each ton of freight _ 

Average receipts per ton per. mile 

Freight revenue per mile of road 

Freight revenue per train mile 

Total Traffic — 

Operating revenues 

Operating revenues per mile of road 

Operating revenues per train mile 

Operating expenses 

Operating expenses per mile of road 

Operating expenses per train mile 

Net operating revenue 

Net operating revenue per mile of road 

Average number of passengers per car mile 

Average number of passengers per train mile 

Average number of passenger cars per train 
mile 



987,130 
46,777,761 



2.509.122 
332,526,818 
531,609 
132.13 



Average number of tons of freight per loaded 
car mile . 



Average number of tons of freight per train 
mile 



Average number of freight cars per train mile _ . 
Average number of loaded cars per train mile . _ 
Average number of empty cars per train mile .. 
Average mileage operated during year 



7 
37 

5.37 

14.27 

209.64 

21.77 

14.69 

6.10 

625 51 



Dollars. 



895, J 



1,116.764 
1,785 



3,590,299 
1 



5,739 
2 

4,770,337 

7,626 

1 

3,358,188 

5,368 

1 

1.412,149 

2,257 



Cts. 



23 



Mills. 



755 
915 



836 



43 


090 


01 


080 


80 




26 


348 


96 




31 




70 


559 


60 




72 




20 


069 


36 




59 





SEABOARD AIR LINE RAILWAY. 



213 



TRAFFIC AND MILEAGE STATISTICS-State of North Carolina-Continued. 



Classification. 


Item. 


Total 


Locomotive Mileage, Revenue Service — 
Freight locomotive miles 


1,664.285 

1,250.777 

67,436 

6,743 

668,145 


- 


Passenger locomotive miles 




Mixed locomotive miles 




Special locomotive miles 


i 


Switching locomotive miles 


. 






Total in revenue service 




3,657,386 








Nonrevenue service locomotive miles 




129,449 


Car Mileage, Revenue Service, Freight Car Miles — 
Loaded 


23.294,758 
9,674,845 
1,555,858 




Empty 


' • 


Caboose.- . -.. --... 








Total 




34,525,461 








Passenger Car Miles — 

Passenger . _ .. ___ 


5,136.209 

1,411,675 

280.346 


^ 


Sleeping, parlor and observation . 




Other passenger train cars. ._ . 








Total 




6,828,230 








Special Car Miles — 

Passenger.. . . ... .. 


34,742 
1,074 




Sleeping, parlor and observation. . . 








Total ... 




35,816 








Total in revenue service. . . 




41,389,507 








Nonrevenue service car miles. 




718 067 


Train Mileage, Revenue Service — 
Freight train miles 


1,518,753 

1,203,949 

67,436 

6,743 




Passenger train miles . ..... 




Mixed train miles. _ . 




Special train miles . _ _. 








Total revenue train mileage 




2,796,881 








Nonrevenue service train miles 




129,449 









214 



N. C. COBPOEATION COMMrSSION. 



FREIGHT TRAFFIC MOVEMENT— State of North Carolina. 
COMPANY'S MATERIAL EXCLUDED. 



Commodity. 


Freight 

Originating 

on this 

Road. 


Freight 

Received 

from 

Connecting 

Roads and 

Other 

Carriers. 


Total Freight Tonnage. 


Products of Agriculture — 

Grain _ . .. ___ 


Whole Tons. 

25,130 

9,651 

19,520 

3,919 

7,854 

55,892 

76,407 

31,835 


Whole Tons. 

37,696 

22.517 

6,306 

7,840 

4,073 

27,262 

35,212 

15,670 


Whole Tons. 
62,826 
32,168 
25,826 
11,759 
11,927 
83,154 
111,619 
47,505 


Per Cent. 
2 51 


Flour 


1 28 


Other mill products 


1 03 


Hav 


47 


Tobacco, leaf _ 

Cotton 


.47 
3 32 




4 40 


Other products of agriculture . . 


1.89 






Total - --. - - 


230,208 


156,576 


386,784 


15.37 






Products of Animals — 


3,525 


4,036 
583 

6,586 
283 

77 
277 


7,561 

583 

17,766 

562 

102 

1,082 


.30 




.02 


Other packing-house products 


11,180 

279 

25 

'855 


71 


Poultry, game and fish . - ' 


.02 


Wool - - 




Hides and leather 


04 






Total 


15,864 


11,792 


27,656 


1.09 






Products of Mines — 
Anthracite coal 


9,655 


262,389 

1,281 
1,378 
5,933 
8,723 


272.044 

1,281 

1,432 

39,535 

15,198 




Bituminous coal 


10.85 


Coke 


.05 


Ores 


54 
33,602 
6,475 


.06 


Stone, sand and other like'articles 


1.57 
.60 






Total . 


49,786 


279,704 


329.490 


13.13 






Products of Forests — 


289,092 
381,659 


130,258 
33,606 


419,350 
415,265 


16.72 




16.57 






Total 


670,751 


163,864 


834.615 


33.29 







SEABOARD AIR LINE RAILWAY. 



21i 



FREIGHT TRAFFIC MOVEMENT-State of North Carolina-Continued. 



Commodity. 


Freight 

Originating 

on this 

Road. 


Freight 
Received 

from 

Connecting 

Roads and 

Other 

Carriers. 


Total Freight Tonnage. 


Manufactures — 

Petroleum and other oils 


Whole Tons. 

25,659 

3,727 

7,139 

318 

3,241 

6,321 

5,356 

40,092 

564 

1,812 

3,824 

4,692 

204,125 


Whole Tons. 

16,894 

3,366 

4,376 

47,822 

11,205 

26,666 

21,426 

22,067 

1,179 

2,718 

5,737 

3,512 

160,105 


Whole Tons. 

42,553 

7,093 

11,515 

48,140 

14,446 

32,987 

26,782 

62,159 

1.743 

4,530 

9.561 

8,204 

364,230 


Per Cent. 
1.70 


Sugar __. --- - 


.28 


Naval stores. _ _ _ _ _ _ . 


.46 


Iron, pig and bloom 


1.92 


Iron and steel rails and spikes 

Other castings and machinery 

Bar and sheet metal and nails _ 

Cement, brick and lime 

Agricultural implements 


.58 

1.31 

1.07 

2.48 

07 


Wagons, carriages, tools, etc 

Wines liquors and beers 


.18 
38 


Household goods and furniture 

Other manufactures 


.33 
14 52 






Total 


306,870 


327,073 


633,943 


25.28 






Merchandise _. 


83,300 
59,545 


113,423 
40,366 


196,723 
99,911 


7.85 


Miscellaneous — 

Other commodities not mentioned 
above 


3.99 






Total tonnage — State 


1,416,324 


1,092,798 


2,509,122 


100.00 






Total tonnage — Entire line 


3,356,330 


2,887,338 


6,243,668 


100.00 



216 



N. C. CORPOEATION COMMISSION. 



DESCRIPTION OF EQUIPMENT-Entire Line. 
EQUIPMENT OWNED OR LEASED IN SERVICE OF THE RESPONDENT. 



Item. 


Number 

on 
June 30, 

1907. 


Number 
Added 
During 
Year. 


Number 

Retired 

During 

Year. 


Number 

on 
June 30, 

19u8. 


Number Fitted 
with— 


Train 
Brake. 


Automatic 
Coupler. 


Locomotives— Owned or Leased— 


114 
228 
56 


5 
10 
10 




119 

237 

66 


119 

237 

66 


119 

237 

66 


Freight 


1 






1 




Total locomotives in service 

T<p<?«5 lopomnfivp<? Ipncprl 


398 
155 


25 
25 


422 
180 


422 
180 


422 
180 








Total locomotives owned 


243 




1 


242 


242 


242 


Cars— Owned or Leased: 
In Passenger Service— 


88 
70 
77 
13 
2 
77 


2 




90 
70 
76 
11 
2 
76 


90 
70 
76 
11 
2 
76 


90 




70 








1 
2 


76 






11 






2 


Baggage, express and postal cars- 


3 


4 


76 


Total - - - - 


327 


5 


7 


325 


325 


325 






In Freight Service- 
Box cars 


6,386 

3,053 

74 

2,697 


1,004 
14 


191 

109 

6 

35 


7,199 

2,958 

68 

3,677 


7.159 

2,861 

67 

3,672 


7.199 
2,958 




68 




1,015 


3,677 






Total 


12,210 


2.033 


341 


13,902 


13,759 


13, 902 






In Company's Service— 


6 

38 

13 

201 

564 




1 


5 

88 

15 

216 

551 


5 

88 

15 

203 

450 


5 




50 
2 

30 

* 

37 


88 


Derrick cars 


15 


15 
50 


216 




551 






Total -- - 


822 


119 


66 


875 


761 


875 








13,359 
7,916 


2,157 
2,065 


414 
53 


15, 102 
9,928 


14,845 
9,928 


15, 102 




9,928 








5,443 


92 


361 


5,174 


4,917 


5,174 







SEABOARD AIB LINE RAILWAY. 



217 



MILEAGE-Entire Line. 
MILEAGE OF ROAD OPERATED— (All Tracks). 





Line Owned. 


Line 
Ope- 
rated 
Under 
Lease. 


Line 
Ope- 
rated 
Under 
Con- 
tract, 
etc. 


Line 
Ope- 
rated 
Under 
Track- 
age 
Rights. 


Total 
Mileage 
Ope- 
rated. 


New 

Line 

Con- 
structed 
During 

Year. 


Rails. 


Line in Use. 


Main 
Line. 


Branches 

and 

Spurs. 


Iron, 


Steel. 


Miles of single track- 
Miles of yard track 


2.532.70 
559.25 


15.22 


57.65 
13.06 


2.40 


3.00 
.10 


2.610.97 
572.41 


17.24 


9.59 
69.63 


2,598.38 
502. 68 








Total mileage ope- 
rated 


3,091.95 


15.22 


70.71 


2.40 


3.10 


3,183.38 


17.24 


79.22 


3,101.06 



MILEAGE OF LINE OPERATED, BY STATES- (Single Track). 





Line Owned. 


Line 


Line 
Operated 

Under 

Contract, 

etc. 


Line 
Operated 

Under 
Trackage 

Rights. 


Total 
Mileage 
Ope- 
rated. 


Rails. 


State. 


Main 
Line. 


Branches 

and 

Spurs. 


Operated 
Under 
Lease. 


Iron. 


Steel. 




157.50 
620.57 
340.88 
585.84 
81.60 
746.31 










157.50 
625.51 
340.88 
651.49 
81.60 
753.99 


1.24 
8.35 


157 50 




2.54 




2.40 




624 27 






340. 88 




5.00 


57.65 




3.00 


648 49 






81 60 


Florida 


7.68 








745 64 












Total mileage ope- 
rated 


2,532.70 


15.22 


57.65 


2.40 


3.00 


2,610.97 


9.59 


2,598.38 



MILEAGE OF LINE OWNED, BY STATES- (Single Track). 





Line Owned. 


Total 
Mileage 
Owned. 


Rails. 




State. 


Main 
Line. 


Branches 

and 

Spurs. 


Iron. 


Steel. 


Remarks. 


Virginia 

North Carolina 

South Carolina 


157. 50 
620. 57 
340.88 
585.84 
81.60 
*748.31 


2.54 


157.50 
623. 11 
340.88 
590.84 
81.60 
760.32 




157. 50 
621.87 
340.88 


*Inc]udes Turkey Creek 
Spur, from Turkey Creek 
to Durant, 4-33 mi es, 
and 2.00 miles of Amelia 


1.24 


Georgia 


5.00 
12.01 




leased. 


Alabama 

Florida 


j 81.60 

8 35 ! 7?^i 07 












Total mileage owned 


2,534.70 


19.55 


2,554.25 


9.59 


2,544.66 



218 



N. C. CORPORATION COMMISSION. 



TAXES AND ASSESSMENTS. 
OWNED AND PROPRIETARY LINES. 





Ad 

Valorem 

Tax. 


Specific Tax. 




State. 


On the Value of Real 
and Personal Prop- 
erty. 


On Stocks, Bonds, 
Loans, etc. 


On Gross or Net 
Earnings, Revenue, 
or Dividends. 


On Traffic, or Some 
Physical Quality 
of Property Ope- 
rated, or on Privi- 
lege. 


Total. 




$58,850.13 
125,817.14 

69,355.29 
148,026.83 
165,995.27 

19,371.74 


$ 50.00 


$ 9,906.05 


$ 

3,127.55 


$ 68,806.18 




128 944.69 


South Carolina 






69.355.29 


Georgia 

Florida 








148,026.83 








165,995-27 










19.371.74 










Total — -- 


587,416.40 


50.00 


9,906.05 


3,127.55 


600, 500. 00 







SOUTHERN RAILWAY. 



219 



SOUTHERN RAILWAY COMPANY. 



OFFICERS. 



Title. 


Name. 


Location of Office. 


President 


W. W. Finley 


Washington, D. C. 


First Vice-President 


A. B. Andrews 


Raleigh, N. C. 


Vice-President __ _.. 


J. M. Gulp 


Washington, D. C. 


Vice-President and General Manager 


C. H Ackert 


Washington, D C. 


Vice-President 


T. C. Powell 


St. Louis, Mo. 


Vice-President _ . . . 


Fairfax Harrison . _ . 


Washington, D. C. 


Vice-President 


H B Spencer 


Washington DC" 


Secretary 


R D Lankford 


New York 


Treasurer .. . .- 


H. C. Ansley 

Francis L. Stetson 


Washington, D. C. 


General Counsel at New York 


New York. 


General Counsel at Washington 


Alfred P. Thorn ... 


Washington. D. C. 


General Counsel at Louisville 


Alex. P. Humphrey 


Louisville, Ky. 


General Solicitor 


W. A. Henderson 


Washington, D. C. 


Comptroller . _ . . ._ 


A. H. Plant 


Washington, D. C. 




E. H. Kemper 

C. B. Hayes 

P. L. McManus 


Washington, D. C. 




Washington, D. C. 


Assistant to General Manager .. . - 


Washington, D. C. 


Manager 


E. H Coapman 


Washington, D. C. 


General Superintendent, Northern District 


A. H. Westfall 


Danville, Va. 


General Superintendent, Western District. 


H. E. Hutchens 


Charlotte, N. C. 


General Superintendent, Middle District. 


G. R. Loyall 


Knoxville, Tenn. 


General Superintendent, Eastern District. 


W. N. Foreacre 


Birmingham, Ala. 


Manager 


C. P. Cooper 


St. Louis, Mo. 


Division Superintendent 


G. V. Peyton 

P G Walton 


Alexandria Va 


Division Superintendent 


Greensboro N C. 


Division Superintendent 


A P Cone 


Richmond Va 


Division Superintendent 


E T Lamb 


Norfolk Va 


Division Superintendent 


J. M. Bennett 


Winston-Salem, N. C. 


Division Superintendent 


B G Fallis 


Greenville N C 


Division Superintendent. ._ . . 


H. A. Williams 


Columbia, S. C. 


Division Superintendent 


H. L. Hungerford 


Charleston, S. C. 


Division Superintendent 


R. E. Simpson 


AsheviUe, N. C. 


Division Superintendent 


T S Boswell 


Bryson, N. C. 
Knoxville, Tenn. 


Division Superintendent 


C. L. Harris 


Division Superintendent 


W M Deuel 


Coster Tenn 


Division Superintendent 


F P Pelter 


Nashville Tenn 


Division Superintendent 


J. A. Heether 


Memphis, Tenn. 



220 



N. C. CORPOEATION COMMISSION. 



OFFICERS-- Continued. 



Title. 


Name. 


Location of Office. 


Division Superintendent 


W R Hudson 


Birmingham Ala 


Division Superintendent - 


J. H. Stanfield-_ 


Selma, Ala. 


Division Superintendent 


E. E. Norris 


Atlanta Ga 


Division Superintendent 


J. L. McLendon 


Williamson, Ga 


Division Superintendent 


C. C. Coffee 


Princeton, Ind. 




C. G. Walker 


Louisville, Ky. 
Knoxville, Tenn. 


Division Superintendent- . 


W. P. Hood 


Superintendent Terminals 

Superintendent Transfers 


J. W. Wassum 


Spencer, N. C. 
Washington D C 


W H Gatchell 


Superintendent Telegraph . 


C. P. Adams_ . 


Washington, D. C. 


Passenger Traffic Manager , _ _ 


S. H. Hardwick 


Washington, D. C. 


General Passenger Agent ... 


W. H. Tayloe 


Washington, D. C. 


Assistant General Passenger Agent.: 


C. A. Benscoter 


Chattanooga, Tenn. 


Assistant General Passenger Agent 


J L Meek 


Atlanta Ga 


Assistant General Passenger Agent 


J C Beam, Jr. 


St. Louis Mo 


Freight Traffic Manager 


L Green 


Washington D. C 


Assistant Freight Traffic Manager . . 


R. L. McKeller 


Louisville, Ky. 


Assistant Freight Traffic Manager 


G. R. Browder 


Atlanta, Ga. 


Assistant Freight Traffic Manager 


John B. Munson 


Washington, D. C. 


General Freight Agent _ - 


Randall Clifton 


Atlanta, Ga. 


General Freight Agent 


J. H. Drake 


Richmond, Va. 


General Freight Agent. . 


E. H. Shaw 


Charleston, S. C. 


General Freight Agent 


H. L. Miller 


Knoxville, Tenn. 


General Freight Agent 


R. B. Pegram 


Nashville, Tenn. 


General Freight Agent 


I. L. Graves 


Memphis, Tenn. 


General Freight Agent 


R. L. Simpson 


Birmingham, Ala. 


General Freight Agent 


R. A. Campbell 


St. Louis, Mo. 


Assistant General Freight Agent 


W. H. Paxton 


Atlanta, Ga. 


Assistant General Freight Agent 


Fred. H. Behring 


Louisville, Ky. 


Land and Industrial Agent 


M. V. Richards 


Washington, D. C. 


Chief Engineer M. W. and S 


D. W. Lum 


Washington, D. C. 


Engineer of Construction 


W. H. Wells 


Washington, D. C. 



DIRECTORS. 

H. C. Fahnestock, New York, N. Y.; W. W. Finley, Washington, D. C; Chas. Steele, New 
York, N. Y.; A. B. Andrews, Raleigh, N. C; Joseph Bryan, Richmond, Va.; S. M. Inman, At- 
lanta, Ga.; R. M. Galloway, New York, N. Y.; Adrian Iselin, Jr., New York, N. Y.; Charles 
Lanier, New York, N. Y.; E. D. Randolph. New York, N. Y.: Tas. T. Woodward, New York, N.Y. 



SOUTHERN RAILWAY. 



221 



ROAD OPERATED-Entire Line. 
LINE OWNED. 





Terminals. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 
Line for 


Name. 


From — 


To— 


Each Class 
of Roads 
Named. 


Main Line 


Alexandria, Va 

Neapolis, Va 


Greensboro, N. C. 

West Point, Va 


278.58 
179.00 










Charlotte, N. C 


Augusta, Ga. 


190.49 






Columbia, S. C 


Greenville, S. C 


143.52 






Sahsbury, N. C 


Morristown, Tenn 


231.37 






Bristol, Tenn 


Chattanooga, Tenn.._ 


241.55 






Stevenson, Ala 


Memphis, Tenn 


271.80 






Ooltewah Junction, 

Tenn. 
Austell, Ga. 


Brunswick, Ga 

State Line, Miss 

York, Ala. 


410.09 
260.70 
270.50 
146.71 






Atlanta Jet., Ga 

East St. Louis, Ill.___ 
Tuscumbia, Ala 






State Line, Ind 

Sweetwater, Ala 


2,624.31 


Branches and Spurs 


8.30 




Moscow, Tenn 


Summerville, Tenn._. 


13.10 






Alexandria, Va 


Bluemont, Va 


54.15 






W. 0. & W. Jet., Va._ 


Alexandria, Jct..Va. _ 


.40 






Manassas Jet., Va 


Harrisonburg, Va 


112.89 






Calverton, Va 


Warrenton, Va 


8.90 






Franklin Jet., Va 


Pittsville, Va 


7.10 






Manchester Jet., Va.. 


Rocketts, Va 


1.00 






Clarksville, Va 


Durham, N. C 


55.10 






Oxford, N. C 


Henderson, N. C 


12.75 






Pomona, N. C 


Wilkesboro, N. C 


100.15 






Murphy Jet., N. C. -. 


Murphy, N. C 


122.50 






Charlotte, N. C 


Taylorsville, N. C 


65.65 






Hodges, S. C 


Abbeville, S. C 


11.58 






Aiken, S. C 


Edgefield, S. C 


23.57 






Embreeville Jet., 

Tenn. 
Bulls Gap, Tenn 


Embreeville, Tenn. ._ 
Rogersville, Tenn 


13. CO 
14.10 






Clinton, Tenn 


Harriman Jet., Tenn. 


30.44 






Coster, Tenn 

Knoxville, Tenn 


Cumberland Gap Jet., 

Tenn. 
Jellico, Tenn 


63.56 
65.30 






Coal Creek, Tenn. _.. 


Briceville, Tenn 


3.10 






LaFolletteJct..Tenn. 


Vasper, Tenn 


11.30 






Morristown, Tenn 


Corryton, Tenn 


39.60 






Knoxville, Tenn 


Walland, Tenn 


26.21 






Cleveland, Tenn 

North Rome, Ga. . _ 


Cohutta Ga 


14.80 
61.30 






Attalla. Ala 





222 



N. C. CORPORATION COMMISSION. 



ROAD OPERATED-Entire Line-Continued. 





Terminals. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 
Line for 


Name. 


From — 


To— 


Each Class 
of Roads 
Named. 


Branches and Spurs 


Atlanta, Ga . 


Fort Valley, Ga 

Armour, Ga 

Hawkinsville, Ga 

Mines of Va.-Caro. 

Chemical Co. 
Akron, Ala. 


102.30 

3.30 

10.28 

2.92 

53.00 

37.28 

14.30 

20.50 

6.40 

■ 1.60 

1.91 

1.10 

3.35 

1.02 

4.49 

38.93 

2.90 

3.91 

5.06 

3.83 

2.12 

.65 

.66 

6.36 

2.40 
1.14 

.59 
37.82 






Howell, Ga 

Cochran Ga. 






Villa Rica, Ga 

Marion Jet., Ala 

Wilton, Ala. 






Valley Creek Jet., 

Ala. 
Blocton, Ala 

End of Belt Road, 

Bessemer, Ala. 
Coalburg, Ala. 

Brazil Mines, Ala 

Blossburg, Ala 

Patton, Ala. 






Gurnee Jet., Ala 

Woodlawn, Ala 

North Birmingham, 

Ala. 
Cardiff, Ala. 






Jefferson, Ala 

PattonJct., Ala 

Littleton, Ala 

Tenn. C, I. & R. R. 

Co. 
Spring Garden, Ala... 

Lula Ga 






Coal Mines of S. S. S. 

ct L Co. 
Henry Ellen Spur .-_ 

Mines Ala. and Ga. 

Iron Co. 
Athens Ga 






Ardella Ala 


Hansen Ala 






Seymour, Ala 

Cedar Bluff, Ala 

Badham Spur Ala, 


End of track Piper 

Spur. 
Spur 












Flat Top Extension. _ 

Passenger Station, 
Columbus, Miss. 
Pinners Point, Va.__- 

Venice & Carondelet 
Belt. 

Connection with 
C. & A. Ry 

Belleville Jet., Ill.-_. 

Galloway Coal Co. 
Spur 


Bessie Mines Connec- 
tion. 






Connection with 
A. C. L. 

East St. Louis, 111 

N. I. Terminal 

Belleville, 111 






Okolona, Miss 

Total 


Calhoun City, Miss. 
(Operated by M. & 
O. R. R. as Agent 
for Sou. Ry. Co.. 
results of opera- 
tion are in Income 
Account). 








1,310.47 








3,934.78 













SOUTHERN RAILWAY. 



223 



ROAD OPERATED— Entire Line-Continued. 

Line Operated by Respondent, but Owned by Another Corporation, Control Being 
Secured Through Stock Ownership. 



Terminals. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 
Line for 


From — 


To— 


Each Class 
of Roads 
Named. 


Southern Railway in Mississippi — 








State Line, Ala. 




179.10 
23.20 




Stoneville, Miss _ . _ 


Percy, Miss.. 




Itta Bena, Miss. 


Webb, Miss 


34.60 






236.90 


Southern Railway in Kentucky — 






Lexington, Ky 

Lexington, Ky. 


83.47 




Lawrenceburg, Ky. 


23 72 




Norton, Ky. 


Burgin, Ky. 


3.82 




Versailles, Ky. 


Georgetown, Ky. 


16.74 








127.75 


Southern Railway in Indiana — 




State Line, 111 


New Albany, Ind. .. 


118.28 




Jasper, Ind. . . _ 


Evansville, Ind._. 


54.22 




Rockport Junction, Ind. _ _ ._ 


Rockport, Ind _ 


16.15 




Lincoln City, Ind 


Cannelton Ind 


22 72 




Jasper, Ind 


West Baden Ind 


24.80 








236.17 


State University Railroad- 




University, N. C 


Chapel Hill, N. C 




10.20 


North Carolina Midland Railroad— 








Mooresville, N. C -. .-. 


Winston-Salem, N. C. 




53 52 


High Point, Randleman, Ashboro and 
Southern Railroad — 








High Point, N. C 


Asheboro, N. C 




26.80 


Yadkin Railroad— 








Sahsbury, N. C. 


Norwood N C 




41 00 


Elberton Air Line Railroad — 








Toccoa, Ga. 


Elberton Ga 




50 60 


Sievern and Knoxville Railroad — 








Batesburg, S. C. _._ 


Sievern, S. C 




17.44 


Atlantic and Yadkin Railway Co. — 








Sanford, N. C. 


Mount Airy N C 


130 95 




Chmax, N. C 


Ramseur, N. C 


18.74 




Stokesdale, N. C. 


Madison N C 


11.39 








161.08 


Ensley Southern Railway Co. — 




Ensley, Ala 


Near Warrior River, Ala. _ . 


22.73 




Parrish, Ala 


Near Little Warrior River, Ala. 


9.24 




Coal Creek Spur, 




1.45 








33.42 



224 



N. G. CORPORATION COMMISSION. 



ROAD OPERATED-Entire Line-Continued. 



Terminals. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 
Line for 


From — 


To- 


Each Class 

of Roads 

Named. 


St. Johns River Terminal Co. — 

Near Grand Crossing, Fla 


Bay St. Freight Depot, Jack- 
sonville, Fla. 




5 99 


Cumberland Railway Co. — 
Hyde, Tenn 


Point on Main Stream, Clear 
Fork 








11.21 


Delta Southern Railway Co. — 
Elizabeth Miss 


Kergs Mill Miss. 


17.10 
10.56 
26.80 




Percy Miss 


Richey Miss. 




Itta Bena Miss 


Belzoni, Miss. 








54.46 


Roswell Railroad Co.— 


9.80 
2.75 


Morgan Falls Branch 










12.55 






Total 


1,079 09 









Line Operated Under Lease for Specified Sum. 



North Carolina Railroad— 








Goldsboro, N. C. 


Charlotte, N. C 

Caraleigh, N. C 


222.44 
1.90 




Caraleigh Junction, N. C 


224.34 


Atlanta and Charlotte Air Line- 




Charlotte, N. C 


Armour, Ga. 




263.08 


Franklin and Pittsylvania Railroad— 








Pittsville, Va 


Rocky Mount, Va 




29.90 


Atlantic and Danville Railway Co. — 








Danville, Va 


West Norfolk, Va 


205.10 




James River Junction, Va 


Claremont Wharf, Va. (N. C.) - 


50.36 




Hitchcock Branch Junction, Va. _ 


Hitchcock Mills, Va 


8.33 






Buffalo Lithia Springs, Va. _ 


3.90 






Mines, N. C 


4.45 






272.14 


Lockhart Railroad — 




Lockhart Junction, S. C 


Lockhart, S. C 




13.81 


Mobile and Birmingham Railroad — 








Marion Junction, Ala. . _ . _ 


Mobile, Ala., and branches . 




150.35 


Richmond and Mecklenburg Railroad — 








Keysville Va. 


Clarksville, Va. 




31.30 


Georgia Midland Railway Co. — 














97.88 










Total -. 


1,082.80 









SOUTHERN RAILWAY. 



22i 



ROAD OPERATED-Entire Line-Continued. 

Lines Operated Under Contract or Agreement, or Where the Rent is 
Contingent Upon Earnings or Other Considerations. 



Terminals. 



From — 



Southern Railway— Carolina Division- 

Cayce, S. C 

Perry, S. C 

Charleston, S. C 

Branchville, S. C 

Kingville, S. C._. 

Blacksburg, S. C. 

Burton Branch, S. C 

Biltmore, N. C 

Spartanburg, S. C 

Sumter Junction, S. C 

Hendersonville, N. C 

KaoHn, S. C 

The Whitney Co. — 

Near New London, N. C 

Wooldridge Jellico Coal Co. — 

Spur near Newcomb, Tenn 

Tennessee Central Railroad Co. — 

Nashville, Tenn 

Carthage Junction, Tenn 

Wilder Branch 

Isoline Branch 

Millstone Branch 



TotaL 



To- 



Hardeeville, S. C. 

Sievern, S. C 

Augusta, Ga 

Columbia, S. C. _ . 

Marion, N. C 

Gaffney, S. C 



Spartanburg Junction, S. C. 

Alston, S. C 

Sumter, S. C 

Lake Toxaway, N. C 

Immaculate Mines 



HaU's Mill Ferry, N. C. 



Harriman, Tenn. 
Carthage, Tenn.. 



Miles of 

Line for 

Each Road 

Named. 



128.63 


7.64 


136.92 


66.30 


208.50 


10.50 


5.20 


65.90 


67.93 


15.81 


42.10 


2.60 



164.03 

7.57 

21.53 

8.88 

1.75 



Miles of 
Line for 
Each Class 
of Roads 
Named. 



Lines Operated Under Trackage Rights. 



Atlanta Terminal Co. — 








Entrance to Terminal Station, 
Atlanta, Ga. _ _ __ 






.50 


Baltimore and Ohio Railroad Co. — 








Entrance to Passenger Station, 
Harrisonburg, Va. 






.50 


Baltimore and Potomac Railroad — 








Washington, D. C 


South End Long Bridge, Va 




2.14 



Corp. 2 15 



226 



N. C. CORPORATION COMMISSION. 



ROAD OPERATED— Entire Line-Continued. 



Terminals. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 
Line for 


From — 


To— 


Each Class 
of Roads 
Named. 


Washington and Southern Railroad- 
South End Long Bridge, Va. 






5.70 


North End Potomac Yard 


Connection W. 0. & W. Yard _ 




1.33 


Washington Terminal Co. — 

Entrance to Union Depot, Wash- 
ington, D. C. 






1.26 


Central of Georgia Railway- — 
Central Junction, Ga. 


West Broad St., Savannah, Ga.. 


3.37 
.10 




Fort Valley, Ga. 








3.47 
.49 


Augusta and Summerville Railroad — 

Entrance to Union Depot, Au- 
gusta, Ga. 




Georgia Railroad — 

Entrance to Union Depot, Au- 
gusta, Ga. . 






.25 


Western and Atlantic Railroad — 
W. & A. Crossing, Ga. 


Dalton, Ga. __ 




.20 


Alabama Great Southern Railroad — 
Entrance to Station, Attalla, Ala. 




3.44 

2.11 

27.16 

.40 




Woodlawn Ala 


Birmingham Ala. 




York, Ala 


Meridian, Miss 




Central Passenger Station 


Louisa St., Chattanooga, Tenn.. 

Union Depot, Florence, Ala 

Middlesborough, Ky. 


33.11 


Louisville and Nashville Railroad— 
L. & N. Junction 


.20 

4.41 

.75 

9.81 

9.22 


Cumberland Gap Tenn 




Lipscomb Street 


Passenger Station, Mobile, Ala.. 




Middlesborough Belt and Ben- 
nett's Fork Branch 




L. & N. Switch Point, Halsey 
Branch North of Jellico Yard 


Hyde, Tenn. 






Tarboro, N. C. 


34,39 


Atlantic Coast Line Railroad — 


99.50 

54.88 

16.70 

3.10 

152.08 

.72 
.09 


Tarboro, N. C. 


. Selma, N. C 

Central Junction, Ga. 




Hardeeville, S. C. 




Four Mile Crossing, Ga. 


Union Station, Brunswick, Ga.. 

Jacksonville Terminal Co., prop- 
erty line, Fla. 




Central Junction, Ga. 








Entrance to Savannah Union 
Station Ga 






Central Junction Ga 


End of Double Track 








327.07 



SOUTHERlSr RAILWAY. 



22Y 



ROAD OPERATED-Entire Line-Continued. 



Terminals. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 
Line for 


From^ 


To— 


Each Class 
of Roads 
Named. 


Nashville, Chattanooga and St. Louis 
Railway — 

Chattanooga Tenn 


Stevenson Ala 




38 00 


Jacksonville Terminal Co. — 

Entrance to Depot at Jackson- 
ville, Fla. 






1.47 


Savannah Union Station Co. — 
Central Junction, Ga. 


Union Depot, Savannah, Ga. 




4 48 


St. Louis Terminal Railroad Associa- 
tion — 

East St. Louis, 111 






3.18 


East St. Louis and Cairo Railroad — 
Relay Junction 


Broadway, East St. Louis, 111 




10 


Jacksonville and St. Louis Railway- 
Through Centraha, 111 






1.80 


Baltimore and Ohio Southwestern 
Railroad — 

New Albany, Ind. 


• 




06 


Chicago and Alton Railway — 

Trackage near East St. Louis, 111. 






.70 


Illinois Central Railroad — 

11th Street 


7th Street Station, Louisville, 
Ky. 


,50 
.33 








Entrance to Calhoun Street Sta- 
tion, Memphis, Tenn._ 








11th Street, Louisville, Ky 


.83 


Kentucky and Indiana Bridge and 
Railroad Co. — 

Vincennes Street, New Albany, 
Ind. _ 


3.00 
6.90 


Louisville, Ky. 








9.90 
13 68 


Nashville Terminal Co. — 

Entrance Station, Nashville, 
Tenn. _____ 




Cincinnati, New Orleans and Texas 
Pacific Railway — 

Cincinnati Junction, Ky. 


Danville, Ky. 




4 88 


Chicago, Indianapolis and Louisville 
Railway — 

French Lick 


West Baden, Ind. 




1 00 










Total 


480 49 










Total Mileage Operated 


7 548 98 











228 



N". C. CORPORATION COMMISSION. 



ROAD OPERATED-State of North Carolina. 

Lines Owned. 





Terminals. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 
Line for 


Name. 


From— 


To— 


Each Class 
of Roads 
Named. 


Main Line 


Virginia State Line.. 
Charlotte 


Spencer 


42.70 

n.50 

185.50 


■ 




S. C. State Line 

Tenn. State Line 

E Durham 






Salisbury 






Virginia State 'Line__ 
Oxford 


239.70 


Branches and Spurs 


48.00 

12.75 

100.15 

122.50 

65.65 




Henderson 






Pomona 


Wilkesboro 






Murphy Junction 

Charlotte 


Murphy 

Taylorsville 


349.05 







Lines Operated, but Owned by Another Corporation, Control Being Secured Through 

Stock Ownership. 



State University Railroad 


University 

Mooresville 

High Point 

Salisbury 

Sanf ord 

Climax 

Stokesdale 


Chapel Hill 




10.20 


North Carolina Midland 
Railroad 


Winston-Salem 




53 52 


High Point, Randleman, 
Ashboro and Southern 
Railroad 


Ashboro 




26 80 


Yadkin Railroad 


Norwood 




41 00 


Atlantic and Yadkin 
Railroad _ 


Mount Airy 

Ramseur 


130.95 
18.74 
11.39 










Madison 


161.08 







Lines Operated Under Lease for Specified Sum. 



North Carolina Railroad. Goldsboro. 
j Caraleigh. 



Atlanta and Charlotte 
Air Line 



Atlantic and Danville 
Railway 



Charlotte, N. C. 

State Line, Va._ 
Virgihna 



Charlotte 

Caraleigh Junction 

S. C. State Line.-- 



State Line, N. C. 
Mines 



222.44 
1.90 



22.15 
4.45 



224.34 
43.18 



26.60 



SOUTHERN RAILWAY. 



229 



ROAD OPERATED— State of North Carolina— Continued. 

Lines Operated Under Contract or Agreement, or Where the Rent is Contingent 
Upon Earnings or Other Considerations. 





Terminals. 


Miles of 

Line tor 

Each Road 

Named. 


Miles of 
Line for 


Name. 


From — 


TO- 


Each Class 
of Roads 
Named. 


Southern Railway- 
Carolina Division 


Marion 

Biltmore 

Hendersonville 

Near New London. _ _ 


S. C. state Line 

S. C. State Line 

Lake Toxaway 

Hall's Mill Ferry 


64.15 
41.90 
42.10 


148.15 
6.20 


The Whitney Company.. 











Line Operated Under Trackage Rights 



Atlantic Coast Line Selma I Va. State Line . 

Total mileage ope- 
rated — N. C 



120.68 



1,450.50 



OUTSIDE OPERATIONS AND OTHER PROPERTIES. 



Designation. 


Character of 
Business. 


Title, 

Owned, Leased, 

etc. 


State. 


Norfolk and Pinners Point Terminal . . 
West Point, Va., Terminal 


Freight and 
Passenger 

Freight and 
Passenger 

Freight 


Owned 

Owned 

Owned 

Owned 

Owned 


Virginia. 


Mobile, Ala., Terminal . 


Virginia. 
Alabama. 


Brunswick, Ga., Terminal 


Freight 


Georgia. 


Dining and Cafe Car Service 


Meals on trains.. 









230 



N". C. CORPORATION COMMISSION. 



CAPITAL STOCK. 



Description. 


Number 
of Shares 
Author- 
ized. 


Par 
Value 
of One 
Share. 


Total 
Par Value 
Authorized. 


Total 
Par Value 
Outstand- 
ing. 


Total 
Par Value 

Not 
Held by 
Respondent 
Corpora- 
tion. 


Dividends 

Declared During 

Year. 




Rate, 
Per 
Cent. 


Amount. 


Capital stock — 
Common ._ 1 


3,500,000 


$100.00 
100.00 


$350,000,000 


$120,000,000 


$120,000,000 




None. 


1 
Preferred _ _ J 


60,000,000 


60,000,000 


1H 


$ 900,000 


TotaL-_ 


3,500,000 




350,000,000 


180,000,000 


180,000,000 




900,000 



Purpose of the Issue. 



Total 
Number 
of Shares 

Out- 
standing. 



Issued for purchase of railway or other property — preferred 

Issued for acquisition of securities — preferred 

Issued for reorganization — common -^ 

Issued for reorganization — preferred 

Total 



57,000 
43,000 

1,200,000 
500,000 

1,800,000 



SOUTHERN RAILWAY. 



231 






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234 



I*r. C. CORPOEATION COMMISSION. 



OUTSTANDING SECURITIES OF LEASEHOLD ESTATES JUNE 30, 1908. 

Shown Here as Representing the Detail of Amount on General Balance Sheet. This 

Liability Reported as "Funded Debt" in Financial Report 

OF Companies Named. 





Prin- 
cipal 
Due. 




Interest. 




Class of Bond or Obligation. 




Rate, 








Due. 


Per 

Cent. 


Amount. 


Total. 


Atlanta and Charlotte A. L. Railway — 












First mortgage preferred bonds, ex- 
tended 


1910 


Jan.-July 


4i 


$ 500,000.00 




First mortgage bonds, extended 


1910 


Jan.-July 


^ 


4,250,000.00 




Income mortgage bonds, extended. „_ 


1910 


Jan.-July 


4i 


750,000.00 




Stock 




Mar.-Sept. 


7 


1,700,000.00 








$7,200,000.00 


Atlantic and Danville Railway — 








1948 


Jan.-July 
Jan.-July 


4 i 3,925,000 00 




Second mortgage bonds 


1948 


4 775.000 00 










4,700,000.00 


Georgia Midland Railway — 






1946 


April-Oct. 


3 I 


1,650,000 00 


Mobile and Birmingham Railroad — 




1 " ^ 
1 




Prior lien bonds 


1945 


Jan.-July 


5 600,000.00 




First mortgage bonds 


1945 




4 1,200,000.00 




Preferred stock 




June-Dec. 


4 i 900.000.00 












2,700,000.00 


North Carolina Railroad — 




• Stock 




Jan.-July 




4,000,000.00 


Richmond and Mecklenburg Railroad — 






I 




First mortgage bonds. . _ _ 


1948 


May-Nov. 


4 




315,000.00 


Southern Railway — Carolina Division — 












General mortgage bonds, So. Ry. — 
Carolina Division 


1952 


Jan.-July 


4 


5,000,000.00 




First mortgage bonds, S. C. & G. R. R. 


1919 


May-Nov. 


5 


5,250,000.00 




First mortgage bonds, S. U. & C. R. R. 


1995 


Jan.-July 


4 


1,000,000.00 




First mortgage bonds S. &. W. R. R._ 


1919 


April-Oct. 


5 


100,000.00 




First mortgage bonds, B. A. & N. R. R. 


1908 


Feb. -Aug.. 


6 






First mortgage bonds, Transyl. R. R._ 


1956 


Jan.-July 


5 


434,000.00 


11,784,000.00 








32,349.000.00 















SOUTHERN RAILWAY. 



235 



















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SOUTHERN RAILWAY. 



241 



RECAPITULATION OF CAPITALIZATION. 



Account. 


Total 

Par Value 

Outstanding. 


Amount 
Per Mile of Line. 




Miles. 


Amount. 


Capital stock 


$ 180,000,000 
252,049,834 


5,014.71 
5,014.71 


$ 35,894.00 


Funded debt 


50,262.00 






Total 


432,049,834 


5,014.71 


86,156.00 







CURRENT ASSETS AND LIABILITIES. 



CASH AND CURRENT ASSETS. 

Cash 

Bills receivable 

Due from agents 

Due from solvent companies and individuals 

Traffic balances due from other companies 

Total — Cash and current assets 

CURRENT LIABILITIES ACCRUED. 

Loans and bills payable 

Audited vouchers and accounts 

Wages and salaries 

Traffic balances due to other companies 

Matured interest coupons unpaid (including coupons due July 1) 

Rents due July 1 

Miscellaneous 

Total — Current liabilities 

Balance — Cash assets 

Total 



$ 4,528,443.04 
1,598,553.03 
1,361,990.74 
1,178,055.64 
2,807,765.79 



11, 474, J 



.24 



1,176,370.43 
3,583,000.92 
1,584,285.58 

817,100.47 
2,607,041.05 

234,945.45 
1,125,590.27 



11,128,334.17 
346,474.07 



11,474, 



Material and supplies on hand, $3,829,378.' 



Corp. 2 16 



242 



N. C. CORPORATION COMMISSION. 



EXPENDITURES FOR ROAD. 



Account. 


Expenditures 
for New Lines 
or Extensions 
During Year, 
Charged to 
Capital. 


Expenditures for Additions 

and Betterments During 

Year. 




Charged to 
Capital. 


Charged to 

Special Funds 

or Income. 


Road — 


$ 22,089.38 
8,089.05 


$ 26,132.46 

104,070.16 

33.20 

1,163,042.27 

241,741.96 

1,293,318.41 

198,592.05 

459,524.09 

61,153.93 

73,109.64 

183,804.12 

464,255.56 


$ 224.88 










Grading 


164,648.10 

89,915.07 

99,944.43 

55,963.28 

35,233.11 

4,786.87 

10,733.53 

31,768.32 

64,782.53 

539.39 

45.00 

704.67 

110.70 


13,360.81 


Tunnels 






31,965.44 


Ties 


51.81 


Rails 


384.40 


Frogs and switches 




Track fastenings and other material 

Ballast 


129.98 
1,427.00 


Track laying and surfacing 


16,264.86 


Roadway tools 




Fencing right of way 


417.56 

130,589.95 

72,955.12 

4,344.98 

271,262.66 

271,320.54 

148,417.03 

100,297.75 

31,311.25 

5,343.79 

3,754.46 

52,965.73 

861.00 


469.90 


Crossings and signs 


5,104.12 


Interlocking and other signal apparatus 

Telegraph and telephone lines 


576.94 
206.48 


Station buildings and fixtures 


4,554.31 


32,329.91 


Shops, enginehouses and turntables 


3,595.55 


Shop machinery and tools . 




375.00 


Water stations 


7,173.23 


3,713.77 


Fuel stations .. ______ 


150.00 


Dock and wharf property _ _ _ _ 




83.44 


Electric-light plants 






Miscellaneous structures 




12,293.08 


Rent of equipment 






Repairs of equipment 


13.50 










Total 


601,094.47 


5,362,619.67 


122,707.37 







SOUTHEEX RAILWAY. 



243 



EXPENDITURES FOR EQUIPMENT. GENERAL EXPENDITURES. AND RECAPITULATION. 



Account. 



Expendi- 
tures for 
Xew Lines 
or Exten- 
sions Dur- 
ing Year. 
Charged to 
Capital. 



Expenditures for Addi- 
tions and Betterments 
Dtiring Year. 



Charged to 
Capital. 



Charged to 

Special 
Funds or 
Income. 



Total Cost 

to June 30. 

1907. 



Total Cost 

to June 30. 

1908. 



Equipment — 

Steam locomotives _. 
Passenger train cars. 
Freight train cars... 

Work equipment 

Floating equipment _ 



$1,104,941.70 $- 

134.617.24 ___ 

1,077.133,92 i.__ 

\ 12.69S.56 ._- 

879.00 '_.. 

1. 628. 794. 32 ... 



Total 3.959,064.74 

Gexer.\l Expexditures- 

Law expenses 667.90 684.29 



Taxes 



Interest and commis 
sions 



24.684.75 
S9S.25 



366.35 

437.254.43 
2,362.52 



26.250. 



440.667.59 



Other expenditures 

Total 

Recapitulatiox — 

Road i 601.194.47 5,362.619.67 

Equipment '■ 3.959,064.74 

General expenditures... 26.250.90 : 440.667.59 

Leasehold estates 

Total — Entire Hue . 627.345.37 9.762.3.52.00 122.707.37 366. 039. 923. IS .373.407.900.38 



122,707.37 2S7,425,400.33 293,856,032.96 

t46.256,022.S5 47,202,867.42 

Included in road. 

32.358.500.00 t32.349.000.00 



*Cost of road per mile of 
line 



Cost of equipment per mile 
of line 



General expenditures per 
mile of line 



Leasehold estates per mile 
of line 



41.78S.37 42.723.31 

6.725.10 ' 6.862.76 

Included in cost of road. 

4.704.55 4.703.17 



Total per mile of 
line 



53, 218. C: 



.54.289.24 



As expenditures charged to capital and income are in connection -^ith the entire system of 
Southern Railway, except Tennessee Central R. R. trackage rights, there has been added to the 
above the cost of road leasehold estate/, as shown by that account on Southern Railway books, 
in order to treat of the entire mileage operated, together with mileage owned but leased to 
other companies, excluding Tennessee Central R. R. and St. Johns River Terminal Co. mileage. 
*See note, next page. 



244 



N. C. CORPORATION COMMISSION. 



EXPLANATORY REMARKS. 



*Inventory of equipment June 30, 1908 _ _ 


$ 


$ 58,586,750.88 


Less depreciation to June 30, 1908 




10,013,520.72 










Depreciated value _ 




48,573,230.16 


Equipment capitalized, less reserves 




46,944,435.84 










Excess depreciated value over value capitalized _ 




1,628,794.32 










**Total mileage operated June 30, 1908 




7,548 98 


To which add: 

Branch, Gordonsville, Va., to Orange, Va. 


9.40 
9.98 




Branch, Anderson, S. C, to Belton, S. C. 








19.38 




480.49 

203.76 

5.99 


From which deduct: 

Lines operated under trackage rights 


7,568.36 


Tennessee Central R. R. 




St. Johns River Terminal Co. 






distributed . _ 


690.24 






Mileage over which cost of road should be 


6,878.12 




ount of retirement 
nds at maturity. 






tThe decrease in cost of leasehold estates is on ace 
of $9,500 of Blackville, Alston and Newberry bo 

tCost of equipment June 30, 1907 . _ _ 




46,256,022.85 


Tp which add: 

New obligations issued during year _ _ . 




694,184.92 


Equipment charged to capital as shown. 




3,959,064.74 




during year 






Less payments account of equipment obligations 




50,909,272.51 
3,706,405.09 












47,202,867.42 









SOUTHERN RAILWAY. 



245 



INCOME ACCOUNT-Entire Line. 



Operating Income — 
Rail operations: 
Operating revenues 


$52,941,716.51 
39,854,722.13 


$13,086,994.38 
23,381.56 


• 


Operating expenses ._ _ 








Net operating revenue .. 






Outside operations: 

Revenues _ 


960,140.89 
936,759.33 












Net revenue _.. __ 












Total net revenue __ .. 


13,110,375.94 
2,027,967.35 




Taxes accrued. 












Operating income _ _ . 




$11,082,408.59 


Other Income — 

Rents accrued from lease of road 




23,142.67 

272,826.47 

2.164,491.57 

770,321.70 

3,760.00 




Other rents — Credits: 

Joint facilities . . _ _ 


171,497.35 
101,329.12 




Miscellaneous rents 








Dividends declared on stocks owned or con- 
trolled 


1,152,603.24 
1,011,888.33 




Interest accrued on funded debt owned or con- 
trolled 








Interest on other securities, loans and accounts 






Miscellaneous income -.. . 












Total other income .- -_ .. 




3,234,542 41 










Gross corporate income... . _.. ... . ... 


14,316,951 00 


Deductions from Gross Corporate Income — 
Rents accrued for lease of other roads 




1,554,793.57 

865,257.62 
105,657.97 
10,541,723.29 
472,768.76 
374,899.86 




Other rents — Debits: 

Hire of equipment — balance.. 


121,100.80 

707,028.09 

37,128.73 




Joint facilities 




Miscellaneous rents 








Separately operated properties — loss . _ 






Interest accrued on funded debt ... 






Other interest _ .. _ 






Other deductions . . .... 












Total deducttons from gross corporate income 




13,915,101.07 










Net corporate income 


401 849 93 


Additions and betterments charged to income 




122,707.37 








122,707.37 






Balance for year carried forward to credit of 
profit and loss . 


279 M2 56 











246 



N. C. CORPORATION COMMISSION". 



PROFIT AND LOSS ACCOUNT. 



Debit. 



Credit. 



Balance June 30, 1907 

Balance for year brought forward from income account 

Additions for Year — 

Adjustment of reserve for depreciation of equipment to basis of 
3 per cent per annum on life of equipment on hand June 30, 
1908 



Interest on unpaid coupons, Ensley Southern Railroad bonds- 
Interest on Cumberland Railway bonds accruing prior to July 1, 
1907 



Interest on Chesapeake Steamship Certificate of Interest ac- 
cruing prior to July 1, 1907 



Profit from sale of real estate at Spencer 

Balance debit June 30, 1908, carried to balance sheet- 
Deductions for Year— 



Settlement of personal injury claims accruing prior to July 1, 
1907 



Value of sidetracks removed 

Various claims accruing prior to July 1, 1907 

Reserve for personal injuries 

Reserve for loss and damage 

Reserve for overcharge 

Miscellaneous 

Dividends Declared out of Surplus— 

On preferred stock IV2 per cent., payable October 17, 1907 
Balance credit June 30, 1908, carried to balance sheet 



384,599.96 

26,775.24 

43,824.17 

500,000.00 

350,000.00 

250,000.00 

2,243.37 

900,000.00 
5,791,185.22 



8,248,627.96 



6.242,162.74 
279,142.56 



1,628,794.32 
26,402.08 

21,666.67 

13,644.00 
36,815.59 



8,248,627.96 



SOUTHERN RAILWAY. 



247 



OPERATING REVENUES-State of North Carolina. 



Account. 



Revenue from Transportation— 

Freight revenue 

Passenger revenue 

Excess baggag-e revenue 

Parlor and chair-car revenue 

Mail revenue 

Express revenue 

Other passenger-train revenue 

Total passenger service train revenue 

Switching revenue 

Special service train revenue 

Miscellaneous transportation revenue 

Total revenue from transportation 

Revenue from Operations Other than Transportation— 

Station and train privileges 

Parcel-room receipts 

Storage — freight 

Storage— baggage 

Car service 

Rents of buildings and other property 

Miscellaneous— credit 

Total revenue from operations other than transportation 

Total operating revenues — State 

Total operating revenues — Entire line 



Total 
Revenues. 



5,032,595.74 



3,065,364.34 
31,933.26 

8, 142. 80 

344,678.90 

345,311.68 

490. 77 



3,795,921.75 



23,964.70 

4,706.14 

104.33 



11,857,292.66 



16,121.56 
2,428.70 

10,540.38 
1,310.23 

25, 960. 16 

2,962.44 

9.37 



59,314.10 
11,916,606.76 
52,941,716.51 



248 



]fT. C. CORPORATION COMMISSION. 



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254 



N. C. CORPORATION COMMISSION. 






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SOUTHERN RAILWAY. 



255 



75 O ^ 



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256 



CORPORATIOJSr COMMISSION. 



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SOUTHERN RAILWAY. 



257 



MISCELLANEOUS STOCKS AND FUNDED DEBT OWNED. 

A. OTHER THAN RAILWAY STOCKS. 



Name 


Total Par 

Value of 

Securities 

Owned. 


Rate, 
Per 

Cent. 


Dividend 
Declared. 


Valuation. 


Georgia Industrial Realty Co. 


$ 50,000.00 
6,456.50 
350,000.00 
50,000.00 
54,000.00 
16,600.00 
43,400.00 
75,000.00 




$ 


$ 


Jamestown Exposition Co. 

Lenoir Car Works 




35 


112,500.00 




Nashville Terminal Realtv Co 




Nntinnnl Tnvpsj+mpnt Cn 


657 

m 


354,960.00 

788. 50 








Atlnntif Cnrrmrpc:'? Cn 




















Total 


645,456.50 




468,248.50 


467,889.03 





B. OTHER THAN RAILWAY FUNDED DEBT. 



Name. 


Total Par 
Value of 

Securities 
Owned. 


Rate, 
Per 

Cent. 


Interest 
Accrued. 


Valuation. 


Cash deposit in connection with sale Birmingham- 
Southern securities to Tennessee Coal, Iron 
and R R Co 


$ 142,731.15 

413,193.45 

135,000.00 

75,000.00 

207.229.06 


3 
5 

4 
6 


$ 4,270.51 

20,697.94 

5.400.00 


$ 




North Carolina R R lease U S Government bonds 




Sheffield Machine Works, first mortgage bonds 

Georgia Industrial Realty Co 
















Total— - - 


973,153.66 




30,368.45 


942,704.66 





Corp. 2 17 



258 



N. C. COEPOEATION COMMISSION. 



SINKING, INSURANCE AND OTHER FUNDS. 

INCOME AND DISBURSEMENTS DURING YEAR. 





Income. 




Name of Fund. 


Income to 

Fund 
from In- 
vestments. 


Other 
Income to ! Total. 
Fund. 


Disburse- 
ments. 


So. Ry. Insurance Fund 


$ 21,076.40 


$ 211,557.68 


$ 232,634.08 


$ 261,236.47 


Total 


21,076.40 


211,557.68 232,634.08 


261,236.47 







B. ASSETS ON JUNE 



1908. 





Securities in Fund. 


Cash in 
Fund. 




Name of Fund. 


Name. 


Par 
Value. 


Cost. 


Total. 


So. Ry. Insurance Fund. 


So. Ry., con. first mort- 
gage 5 per cent 

N. O. Ter. Co., first 
mortgage 4 per cent. 

A. G. S. R. R. Co., 4i 
per cent, equipment 

C, N. 0. & T. P. Ry. 
Co., 4i per cent. eq. 

U. S. Steel Corp., sink- 
ing fund 5 per cent. 

Pa. R. R. Co., 3-year 
5 per cent, notes. -- 

A. & C. A. L. Ry. Co., 

first mortgage 4| per 
cent, bonds extend. . 

L. & N. R. R. Co., 5 
per cent, notes 

A. C. L. R. R. Co., fir.st 
consol. mtg. 4 per ct. 


$250,000,001 
50,000.00 
8,000.00 
19,000.00 
50,000.00 !> 
25,000.00 

26,000.00 
10,000.00 
60,000.00 J 


$517,531.75 






Total 


498,000.00 


517,531.75 


$1,829.25 


$519,361.00 









SOUTHERN RAILWAY. 



259 



OPERATING EXPENSES— Entire Line. 



Account. 



Amount. 









Maintenance of Way and Structures — 

Superintendence 

Ballast 

Ties 

Rails 

Other track material 

Roadway and track 

Removal of snow, sand and ice 

Tunnels 

Bridges, trestles and culverts 

Over and under grade crossings 

Grade crossings, fences, cattle guards and signs 

Signals and interlocking plants 

Telegraph and telephone lines 

Buildings, fixtures and grounds 

Docks and wharves 

Roadway tools and supplies 

Work equipment — repairs 

Work equipment — renewals 

Work equipment — depreciation 

Injuries to persons 

Stationery and printing 

Insurance 

Other expenses 

Total of foregoing accounts 

Maintaining joint tracks, yards and other facilities — Dr 

Maintaining joint tracks, yards and other facilities — Cr 

Total — Maintenance of way and structures 

Maintenance of Equipment — 

Superintendence 

Steam locomotives — repairs 

Steam locomotives — renewals 

Steam locomotives — depreciation 

Passenger train cars — repairs 

Passenger train cars — renewals 

Passenger train cars — depreciation 

Freight train cars — repairs 



$ 486,566.29 

120,166.61 

1,193,980.47 

558,873.47 

480,789.04 

2,354,612.07 

4,112.32 

4,062.69 

871,044.31 

41,547.99 

49,166.98 

17,324.32 

18,241.26 

441,732.83 

43,935.67 

73,739.92 

31,412.68 

10,805.06 

17,138.30 

22,634.25 

17,589.38 

61,926.68 

587.09 



6,921,989.68 

250,679.19 

63,495.65 



7,109,173.22 



227,605.08 

3,021,319.84 

2,904.12 

344,291.13 

709,274.97 

36,716.71 

87,114.36 

3,029,739.43 



6.84 

1.69 

16.80 

7.86 

6.76 

33.12 

.06 

.06 

12.25 

.59 

.69 

.24 

.26 

6.21 

.62 

1.04 

.44 

.15 

.24 

.32 

.25 

.87 



97.36 
3.53 



100.00 



2.49 

33.06 

.03 

3.77 

7.76 

.40 

.95 

33.16 



2CA) 



N. C. CORPOEATION COMMISSION. 



OPERATING EXPENSES-Entlre Line-Continued. 



Maintenance of Equipment— Conimwed^ — 

Freight train cars — renewals 

Freight train cars — depreciation 

Shop machinery and tools 

Injuries to persons 

Stationery and printing 

Insurance 

Other expenses 

Total of foregoing accounts 

Maintaining joint equipment at terminals— Dr. 

Equipment borrowed — Dr 

Maintaining joint equipment at terminals — Cr. 

Equipment loaned — Cr 

Total — Maintenance of equipment 

Traffic Expenses — 

Superintendence 

Outside agencies 

Advertising 

Traffic associations 

Fast freight lines 

Industrial and immigration bureaus 

Stationery and printing 

Insurance 

Other expenses 

Total — Traffic expenses 

Transportation Expenses — 

Superintendence 

Dispatching trains 

Station employees 

Weighing and car-service associations 

Stockyards and grain elevators 

Coal and ore docks 

Station supplies and expenses 

Yardmasters and their clerks 

Yard conductors and brakemen 

Yard, switch and signal tenders 

Yard supplies and expenses 



Amount. 



$ 271,271.16 

972,536.85 

145,003.30 

22,722.12 

12,398.36 

134,599.39 

2,281.25 



9,019,778.07 
77,546.20 

770,363.28 
10,143.05 

719,166.48 



9,138,378.02 



406,836.91 
441,637.56 
66,656.42 
76,281.15 
71,263.79 
57,872.34 
176,879.52 
1,571.44 
1,233.80 



1,300,232.93 



487,420.15 

619,076.52 

2,523,495.96 

111,749.02 



183,876.99 
360,576.12 
839,146.15 
28,573.39 
16,018.88 



o<Jo 

CO g (D 

Ph a3pH 



2.97 
10.64 

1.59 
.25 
.14 

1.47 
.02 



98.70 

.85 

8.43 

.11 

7.87 



100.00 



31.29 
33.97 
5.13 
5.86 
5.48 
4.45 
13.60 
.12 
.10 



100.00 



2.35 

2.98 

12.15 

.54 



1.74 

4.04 

.14 



cS o-r- CO 



SOUTHERN RAILWAY. 



261 



OPERATING EXPENSES-Entire Line-Continued. 



Account. 


Amount. 


H 

O o G 
-^ O CD 

o<;o 


Ratio to 
Total Oper- 
ating Expen- 
ses, Per Cent. 


Transportation Expenses — Continued — 
Yard enginemen 


% 532,697.34 

126,692.65 

437,936.21 

36,137.80 

12,321.60 

13,237.34 


2.57 
.61 

2.10 
.17 
.06 
.06 


1 34 


Enginehouse expenses — yard 

Fuel for yard locomotives 


.32 
1 09 


Water for yard locomotives 


09 


Lubricants for yard locomotives 


03 


Other supplies for yard locomotives 


03 






Total of last fifteen accounts 


5,222,459.45 
700,644.13 
91,356.45 


25.14 

3.37 

.44 


13 10 


(Operating joint yards and terminals — Dr. 


1 76 


Operating joint yards and terminals — Cr. 


23 






Total station and yard expenses 


5,831,747.13 


28.07 


14 63 






Motormen _ _ ^ 








Road enginemen 


2,634,530.41 

652,790.21 

3,876,422.90 

261,344.58 

76,563.25 

99,637.23 


12.69 

3.14 

18.66 

1.26 

.37 

.48 


6 61 


Enginehouse expenses— road 


1 64 


Fuel for road locomotives 


9 73 


Water for road locomotives 


66 


Lubricants for road locomotives 


19 


Other supplies for road locomotives 


25 


Operating power plants . _ _ . _ . _ . , 




Purchased power 








Road trainmen 


2,605,354.87 

675,269.05 

50,845.56 

62,339.81 

6,868.30 

123,264.06 

113,199.18 


12.54 
3.25 
.25 
.30 
.03 
.60 
.54 


6 54 


Train supplies and expenses. 


1 69 


Interlockers, block and other signals — operation 

Crossing flagmen and gatemen 


.13 
16 


Drawbridge operation 


02 


Clearing wrecks 


.31 

98 


Telephone and telegraph — operation 


Operating floating equipment . 




Express service ._ -. ._ __ 








Stationery and printing 


201,488.27 

103,495.45 

13,698.29 

1,222,558.59 

20,784.53 

95,469.84 

228,208.50 

664,243.18 


.97 

,50 

.•07 

5.88 

.10 

.46 

1.10 

3.19 


50 


Insurance 


26 


Other expenses 


04 


Loss and damage — freight _ . _ 


3 06 


Loss and damage — baggage 


05 


Damage to property 


24 


Damage to stock on right of way _ _ _ _ . 


57 


Injuries to persons. 


1 66 






Total of last twenty-six accounts 


13,788,376.06 


66.38 


34.59 



262 



W^. C. CORPOBATIOI^ COMMISSION. 



OPERATING EXPENSES-Entire Line-Continued. 



Account. 


Amount. 


O O d 


Ratio to 
Total Oper- 
ating Expen- 
ses, Percent. 


Transportation Expenses — Continued — 
Operating joint tracks — Dr. 


$ 78,764.56 
32,131.45 


.38 
.16 


20 


Operating joint tracks — Cr 


08 






Total movement expenses. 


13,835,009.17 


66.60 


34 71 






Total — Transportation expenses _ .. 


20,773.252.97 


100.00 


52 12 






General Expenses — 

Salaries and expenses of general officers 


173,992.80 

.588,905.07 

83,809.43 

503,518.94 

1,566.10 


11.35 
38.40 
5.46 
32.83 
.10 


.44 


Salaries and expenses of clerks and attendants 

General office supplies and expenses _ 


1.48 
.21 


Law expenses 


1 26 


Insurance 




Relief departrnent expenses - _ 




Pensions 


345.00 

81,272.07 
82,455.07 


.02 
5.30 
5.38 




Stationery and printing 


20 


Other expenses 


21 






Total of foregoing accounts 


1,515,864.48 

18,402.65 

582.14 


98.84 

1.20 

.04 


3 80 


General administration joint tracks, yards and termi- 


.05 


■ General administration joint tracks, yards and termi- 
nals — Cr. 








Total — General expenses 


1,533,684.99 


100.00 


3 85 






Recapitulation of Expenses— 

Maintenance of way and structures 


7,109,173.22 
9,138,378.02 
1,300,232.93 
20,773,252.97 
1,533,684.99 




17.84 


Maintenance of equipment 




22.93 






3.26 


Transportation expenses 




52.12 


General expenses 




3.85 






Total operating expenses 


39,8.54,722.13 




100.00 








Ratio of operating expenses to operating revenues, 
75.28 per cent. 

Operating Expenses — State of North Carolina — 

Maintenance of wav and structures 


1,211,010.54 
1,807,193.41 

2,54,554.82 
4,126,685.69 

283,134.07 




15.75 


Maintenance of equipment 




23.53 


Traffic expenses 




3.31 


Transportation expenses 




53.71 


General expenses 




3.70 








Total operating expenses 


7,682,578.53 




100.00 








Ratio of operating expenses to operating revenues, 
64.47 per cent. 









SOUTHERN RAILWAY. 



263 



SUMMARY OF REVENUES AND EXPENSES OF OUTSIDE OPERATIONS AND OTHER PROPERTIES. 

A. OUTSIDE OPERATIONS. 



Designation. 


Revenues. 


Expenses. 


Net 
Revenue 

or 
Deficit. 


Harbor terminal transfers 


$ 626,177.28 
333,963.61 


$ 590,388.49 
346,370.84 


$ 35,788.79 


Dining and special car service. . . _ . _ 


12,407.23 






Total 


960,140.89 


936,759.33 


23,381.56 







264 



N. C. CORPORATION COMMISSION. 



RENTS RECEIVABLE. 

FROM JOINT FACILITIES, YEAR ENDING JUNE 30, 1908. 



Location of Property. 


Name of Lessee. 


Item. 


Tracks— 








Woodlawn Jet. to Bessemer, Ala. 


Alabama Great Southern R. R 


$ 8,245.98 


Columbia, S. C._- .. 





Atlantic Coast Line R. R 


327.27 


North Birmingham Ala 


Birmingham Belt R R 


186 28 


Birmingham Ala. 


Birmingham Southern R R. 


192 38 


Greenville S. C. 


Charleston and Western Carolina Ry. 
Co. _ _- 








864.96 




Chicago and Alton Ry. Co. _ . 


1,514.84 


Alexandria to Orange Va- 


Chesapeake and Ohio Ry. Co 

Coffey E J 


83,510 33 


East St Louis 111 




129.02 


East St Louis 111 


Cleveland, Cincinnati, Chicago and 
St. Louis Ry. . _ _ . 








46.31 


Columbia, S. C. 




Columbia Union Station Co. 


99.99 


Greenville, S. C. 


Greenville and Knoxville Ry. _ 


60.00 


Clear Fork — Jellico Branch, Tenn 


Louisville and Nashville R. R 


14,299.38 


Coster, Tenn. 




Louisville and Nashville R. R 

Louisville and Nashville R. R 


108.88 


Decatur to Decatur Jet. 


Ala 


13,352.91 


Florence, Ala., to R. R. 


Connection . _ _ 


Louisville and Nashville R. R 


6,142.88 


Gadsden, Ala., to the Furnace 


Louisville and Nashville R. R 


242.96 


Gurnee Jet. to Blocton, 


Ala. - 


Louisville and Nashville R. R 


23,718.55 


Mobile, Ala. 




Louisville and Nashville R. R 

Macon, Dublin and Savannah R. R. - 

Nashville, Chattanooga and St. Louis 
Ry. Co.._ - - 


789.76 




150.00 


Memphis, Tenn. 








240.00 






Norfolk and Portsmouth Belt Line-. 


56.35 




913.89 


Raleigh to Caraleigh, N. 


C 


Raleigh and Southport Ry. Co 


999.96 






St. Louis and San Francisco R. R 

Tombigbee Valley R. R. Co 


590.00 


Mobile to Calvert Ala 


646.00 


Mt. Vernon, 111. - 


Wabash, Chester and Western Ry 


150.00 








Total 


157,578.88 


Terminals — 












Atlantic Coast Line R. R 


35.78 


Augusta, Ga. .. 


Augusta Southern R. R. Co 


229.13 


«pnera S C 


Blue Ridge Ry. Co. 


240.00 


Chester, S. C 




Carolina and Northwestern Ry 


58.56 


Conover N. C. 




Carolina and Northwestern Ry 

Carolina and Northwestern Ry 


61.32 


Gastonia, N. C 




133.68 


Newton and Hickory, N 


. C 


Carolina and Northwestern Ry 


751.81 



SOUTHERN RAILWAY. 



265 



RENTS RECEIVABLE-Continued. 



Location of Property. 



Terminals — Continued- 
Greenwood, S. C. _ . 



Newberry, S. C. 



Hawkinsville, Ga 

Jacksonville, Fla 

Greenville, S. C 

Mobile, Ala 

Woodbury, Ga 

Macon, Ga 

Chattanooga, Tenn 

Bristol, Tenn 

Winston-Salem, N. C. 

Algood, Tenn 

Raleigh, N. C 

Denmark, S. C 

Raleigh, N. C 

Selma, Ala 

Winston-Salem, N. C. 

Empire, Ga._-- 

Hawkinsville, Ga 

Moorhead, Miss 

Total 



Name of Lessee. 



Charleston and Western Carolina Ry. 
Co 



Columbia, Newberry and Laurens Ry. 
Co. -.- -- 


203.19 


Flint River and Gulf R. R. Co 


35.14 


Georgia Southern and Florida Ry. Co., 


328.02 


Greenville and Knoxville Ry 


520.00 


Gulf Terminal Co. . -._ _ ...___ 


1,181.92 


Macon and Birmingham Ry. Co 


63.24 


Macon, Dublin and Savannah R. R._- 


1,983.71 


Memphis and Chattanooga Ry 


148.50 


Norfolk and Western Ry. Co 


60.00 


Norfolk and Western Ry. Co 


480.57 


Overton County R. R. Co 


771.35 


Raleigh and Southport Ry. Co 


98.36 




181.79 




76.78 


Western Railway of Alabama 


588.31 


Winston-Salem Union Station Co 


2,359.92 


Wrightsville and Tennille R. R 


45.48 


Wrightsville and Tennille R. R 


3,050.00 


Yazoo and Mississippi Valley R. R. Co. 


13.75 



Item. 



218.16 



13,918.47 



SUMMARY. 



Total tracks 

Total terminals. 
Grand total 



$157,578.88 
13,918.47 



171,497.35 



266 



jS". c. coeporatiox coimmissiox. 



RENTS RECEIVABLE— MISCELLANEOUS RENTS. 



Description. 


Location. 


Lessee. 


Amount. 


Office rent. 


Toccoa Compress Property . 
Anniston 


Atlantic Compress Co. 

Atlantic Compress Co. 

Atlantic Compress Co. 


$ 4.229.12 
5.4S3.44 
4.40S.34 


Office rent. 


Property, BeU St. _. 


Atlanta 


Building 


Charleston. S. C 


Combahee Fertilizer Co 


S94.S4 


Warehouse 


Charleston, S. C 


Carolina Portland Cement Co._ 


916.5S 


Land 


Durham 


s Durham L'nion Station Co 


2.11^.34 


Location 


Columbia, S. C 


Dupre. E. X 


1 595.S0 


Land 


West Norfolk. Va 


Eustis. W. E. C 


500.00 


Property 


' Memphis. Tenn 


Fisher Lime and Cement Co... 


600.00 


Stockyards 


Knoxville. Tenn 


Henckle Live Stock Co 


675.00 


Property . 


Knoxville. Tenn 


Hacknev Feed Co. 


500 04 


Use of tracks 


Durham 


Xorfolk and Western Ry 


(500.0^1 


Ckjalvards 


Atlanta. Ga 

Norfolk. Va 


Proctor Coal Co. 


600 00 


Land 


Pabst Brewing Co 


1,1S6.M 


Use of tracks - - 


Durham. X. C 

Atlanta. Ga 


Seaboard Air Line Rv. 


liOO 00 


Lot 


S. H. Truitt cV- Sons 


tU.15.00 


Land 




Tenn. and French Broad Xav 
Co 








572.00 


Rails 


Lee. .\la 


Allison. Smith «t Derby 


564.60 


Rails 


Balsam. X. C 


Boice-Buchanan Lumber Co... 


678.43 


RaUs 


Judson. X. C 


Buchanan Lumber Co 


924.00 


RaUs 


Ruck Run vuear") Ala 


Bass Foundry and Machine Co. 


•551.40 


Rails 


Franklin. Va 


Camp Mfg. Co 


1.223.02 


Rails 


Badham. S. C 


Dorcitester Lumber Co 


1,210.42 


Rails 


Grav. Va . ... 


Grav Lumber Co. . 


693.55 


Rails 


Ripley. Miss 


Gulf and Chicago R. R 


3.420.92 


RaUs 


Hitchcock (MiUs Co.). Va. .. 
Sumter. S. C 


Goodwin A: Wallace. 


565.42 


Rails I 


Linson Lumber Co 


595.98 


Rails 


Fairf ord . Ala 


Tombigbee Valley R. R 


1.379.95 


Rails 1 


Flatw ood. .\la 


Vredenburg Sawmill Co. 


1.381.16 


Rails \ 


Pine Hill. -\la 


Vredenburg Sawmill Co. 


544.77 


Rails _ .. -! 


Miscellaneous _ - - 




62,450.36 








Total-. . .- 


101.329.12 









MiscELL.\xEOt's IxcoMz. — Ctmiberlaud Telegraph and Telephone Co.. rent of right of 
way. $3,760. 



SOUTHERIS^ EAILWAY. 



26Y 



RENTS PAYABLE. 

I. FOR LEASE OF ROAD. 



Name of Lessor. 


Location of Property. 


Guaran- 
teed 
Interest 

on 
Bonds. 


Guaran- 
teed 
Dividends 
on 
Stock. 


Cash. 


Total. 


Georgia Midland Ry. 
Co.._ ___ 


McDonnough to Co- 
lumbus, Ga. 

Charlotte, N. C, to 
Armour, Ga 

Goldsboro, N. C, to 
Charlotte, N. C 

Marion Jet. to Mobile, 
Ala. 


$49,500.00 
247,500.00 

78,000.00 


1 

119,000.00 

35,904.00 


$ 

2,500.00 
286,000.00 


$ 49,500.00 


Atlanta and Cliarlotte 
A. L. Ry 

North Carolina R. R. 
Co. 


369,000.00 
286,000.00 


Mobile and Birming- 
ham R. R. 


113,904 00 


Atlantic and Danville 
Ry. - -. 


Danville, Va., to Nor- 
folk, Va. 


188,000.00 


188,000.00 


Richmond and Meck- 
lenburg, R. R 


Keysville to Clarkes- 
ville, Va 


12,600.00 
332,856.25 
202,933.32 




12,600.00 


So. Ry.— Carolina Div. 
Tenn. Cent. R. R 


Columbia to Savannah 
and Birmingham 

Nashville to Harri- 
man, Tenn 






332,856.25 
202,933.32 










Total . - - 


923,389.57 


154,904.00 


476,500.00 


1,554,793.57 









268 



N. C. CORPOKATION COMMISSION. 



RENTS PAYABLE— Continued. 
FOR JOINT FACILITIES, YEAR ENDING JUJ^E 30, 



Location of Property. 


Name of Lessor. 


Item. 


Tracks — 






Birmingham, Ala .-_ 


Alabama Great Southern R. R 


$ 656.70 


Mobile, Ala. (cut-off) 


Alabama Great Southern R. R 


57.00 


Woodlawn Jet. to Birmingham, Ala. __ 


Alabama Great Southern R. R 


918.68 


York, Ala., to Meridian, Miss. 


Alabama Great Southern R. R. 


4,559.89 


Atlanta Ga. 


Atlanta and West Point R. R 

Atlantic Coast Line R. R 


82 24 


Central Jet., Ga., to Jacksonville, Fla. . 


87,647.82 


Charleston, S. C. 


Atlantic Coast Line R. R. 


191 78 


Columbia, S. C. 


Atlantic Coast Line R. R. 


24 09 


Hardeeville, S. C, to Central Jet., Ga.. 


Atlantic Coast Line R. R. 


8,707 51 


Magnolia Jet., S. C 


Atlantic Coast Line R. R 


184.01 


Norfolk to Suffolk, Va 


Atlantic Coast Line R. R - 


167.94 


Selma, N. C, to Pinners Point, Va 


Atlantic Coast Line R. R 


70,018.00 






384.16 


New Albany, Ind. 


Baltimore and Ohio R. R 


600.00 


Atlanta, Ga. 


Central of Georgia Ry. Co. 


1,270.47 


Central Jet. to Savannah, Ga. . . _ 


Central of Georgia Ry. Co. 


498.32 




City of Macon 


500.00 


Venice, 111. - 


Chicago and Alton Ry. Co. 


422 . 36 


Brooklyn, 111. 


Cleveland, Cincinnati, Chicago and 
St. Louis Ry. Co. 






1 00 


Atlanta Ga 


Georgia R. R. 


6,597 58 


Bennett's Fork Branch, Tenn. _ 


Louisville and Nashville R. R 


5,512.16 






3,739.61 


Jellico to Hyde, Tenn 


Louisville and Nashville R. R. . . 


10,400.13 


Middlesboro, Ky., to Cumberland Gap, 
Tenn. .. _ _ .._ 


Louisville and Nashville R. R 

Louisville and Nashville R. R 

Louisville and Nashville R. R 


1,937.17 


New Decatur, Ala. . 


169.77 


Louisville, Ky. _. . _ 


192.08 


Laurel Fork Branch, Tenn. 


Louisville and Nashville R. R 


1,506.10 


West Point Miss 


Mobile and Ohio R. R. Co. 


22 00 


Concord Tenn 


McNutt, S. A. 


150.00 


Dalton Ga. 


Nash., Chatta. and St. Louis Ry. Co._ 
Nash., Chatta. and St. Louis Ry. Co._ 


3,260.00 


Stevenson, Ala., to Chattanooga, Tenn. 


33,184.23 


Sheffield, Ala. 




29.12 


Washington, D. C, to S. E. Potomac 
Bridge Va. 


Philadelphia, Baltimore and Wash- 
ington R. R. 


28,872 96 


Ly nciiburg, Va 


Peters, W. E. and M. S 


425.00 



SOUTHERN RAILWAY. 



269 



RENTS PAYABLE— Continued. 
FOR JOINT FACILITIES— Continued. 



Location of Property, 



T-RACKS— Continued— 

Tecumseh, Ala 

St. Louis, Mo 

Gainesville, Ga 

S. E. Potomac Bridge to Seminary, Va. 
Total 

Yards — 

Potomac, Va 

Terminals — 

Akron, Ala 

Bessemer, Ala 

Chattanooga, Tenn 

York, Ala 

Brunswick, Ga 

Goldsboro, N. C 

Jacksonville, Fla 

Jesup, Ga 

Sanford. N. C 

Selma, N. C 

Atlanta, Ga 

Augusta, Ga 

Birmingham, Ala 

Columbus, Ga 

Fort Valley, Ga 

Griffin, Ga 

Savannah, Ga 

Charleston, S. C 

Allendale, S. C 

Centralia, 111 

Burgin, Ky 

Danville, Ky 

Emory Gap, Tenn 

Georgetown, Ky 

Harriman Jet., Tenn 

Lexington, Ky 

Columbia, S. C 

Durham, N. C 



Name of Lessor. 



Tecumseh Iron Co. 

Terminal R. R. Asso. of St. Louis 
Thorpe, A. E 

Washington Southern Ry. Co 



Washington Southern Ry. Co. 



Alabama Great Southern R. R 

Alabama Great Southern R. R 

Alabama Great Southern R. R 

Alabama Great Soutl^ern R. R 

Atlantic Coast Line R. R 

Atlantic Coast Line R. R 

Atlantic Coast Line R. R 

Atlantic Coast Line R. R 

Atlantic Coast Line R. R 

Atlantic Coast Line R. R 

Atlanta Terminal Co 

Augusta Union Station Co 

Birmingham Terminal Co 

Central of Georgia Ry . Co 

Central of Georgia Ry. Co 

Central of Georgia Ry . Co 

Central of Georgia Ry. Co 

Charleston Union Station Co 

Charleston and W. Carolina R. R. Co. 
Chicago, Burl, and Quincy R. R. Co._ 
Cin., New Orl. and Texas Pac. Ry. Co. 
Cin., New Orl. and Texas Pac. Ry. Co. 
Cin., New Orl. and Texas Pac. Ry. Co. 
Cin., New Orl. and Texas Pac. Ry. Co. 
Cin., New Orl. and Texas Pac. Ry. Co. 
Cin., New Orl. and Texas Pac. Ry. Co. 

Columbia Union Station Co 

Durham Union Station Co 



Item. 



$ 144,00 

14,896.27 

7.50 

51,510.96 



339,448.61 

6,964.26 

928.08 

38.78 

1,963.48 

66.77 

159.84 

210.00 

89.46 

1,406.39 

266.72 

85.60 

60,297.23 

1,439.35 

18,555.52 

530.73 

441.00 

222.75 

8,813.66 

1,962.50 

235.80 

1,559.21 

6.67 

6.433.07 

1.00 

44.19 

101.70 

21.46 

5,352.03 

2,777.50 



270 



N. C. CORPORATION COMMISSION^. 



RENTS PAYABLE-Continued. 
FOR JOINT FACILITIES— Continued. 



Location of Property. 


Name of Lessor. 


Item. 


Terminals — Continued — 






East St. Louis, 111 


E. St. Louis Relay Pass. Sta. Asso.._. 


$ 67.67 


Evansville, Ind. 


Evansville and Terre Haute R. R 

Evansville and Indianapolis R. R 

Georgia Midland Terminal Co 


1 428 63 


Oakland City, Ind. 


100 00 


Columbus and Griffin, Ga. 


208 33 


Jacksonville, Fla. 


Georgia Southern and Florida Ry. Co. 


1,732 46 


Macon , Ga 


Georgia Southern and Florida Ry. Co. 


650.00 


Mobile, Ala. 


Gulf Terminal Co _ _ _ _ 


9,264.49 


Louisville, Ky. 


Illinois Central R. R. 


10,795 81 




Illinois Central R. R. 


1,816.20 


Brown, 111 _.. 


Illinois Central R. R 


183.75 


Jacksonville, Fla.__ _ _______ . 


Jacksonville Terminal Co. 


2,089.82 


Louisville, Ky. _ 


Kentucky and Indiana Bridge and 
R. R. Co 






77,923.73 


Birmingham, Ala. 


Louisville and Nashville R. R 


458.75 


Calera, Ala. 


Louisville and Nashville R. R 

Louisville and Nashville R. R 

Meridian Terminal Co. 


14 77 


Jellico, Tenn. 


101 51 




1,130 04 


Meridian, Miss. 


Mobile and Ohio R. R. Co. 


1,913 40 


Nashville, Tenn. 


Nashville Terminal Co. 


20,000 00 


Bristol, Tenn. 


Norfolk and Western Ry. Co. 


2,321.08 


Lynchburg, Va. 


Norfolk and Western Ry. Co. 


2,543.86 


Savannah, Ga. _ 


Savannah Union Station Co. 


6,632.49 


Jacksonville, Fla. 


St. Johns River Terminal Co. _ _ _ _ _ 


23,206.26 


Birmingham, Ala. 


South and North Alabama R. R. 


244.89 


Birmingham, Ala. _ 


St. Louis and San Francisco R. R. 


300.00 


Durham, N. C._ _ _ _ 


Standard Trust Co. of New York 


2,099.90 


Augusta, Ga 


Safe Dep. and Trust Co. of Baltimore_ 


3,078.40 


St. Louis, Mo. 


Terminal R. R. Asso. of St. Louis__ 
Washirigton Southern Ry. 


9,382.63 


Alexandria, Va. 


1,779.60 


Washington, D. C. 


Washington Terminal Co. 


62,947.34 


Winston-Salem, N. C. 


Winston-Salem Union Station Co 


2,179.92 






Total 


360,615.22 









SOUTHERN RAILWAY. 



271 



RENTS PAYABLE-Continued. 
SUMMARY. 



Total tracks 

Total yards and terminals 
Grand total 



$339,448.61 
367,579.48 



707,028.09 



MISCELLANEOUS RENTS. 



Description. 


Location. 


Lessor. 


Amount. 


Land 


Atlanta, Ga. 


Atlanta Gas Light Co.. .- 


$ 1,200.00 


Terminal facilities. _ 
Sidetrack 


Columbus and Griffin 

Clifton, S. C. 


Ga. Midland Term. Co 

Clifton Manufacturing Co 

lUinois Central R. R 

Central of Georgia Ry 

Wiggins-Perrv Co . . 


2,291.63 
6,000.00 


Ground 


Louisville, Ky. 


1,150 50 


Land (Peter St.) ___ 


Atlanta, Ga 


3,642.15 


Ground 


East St. Louis, Ill._ .-. _. 


1,250.00 


Right of way 


Through Rose Hill Cemetery 
Lynchburg- 


Macon, Ga. 


1,500.00 


Ground 


W. E. and M. I. Peters 

North Augusta Land Co 

City Council, Augusta, Ga 

Charlotte Compresses 1 and 2.. 
Norfolk and Carolina R. R 


1,275.00 


Land 


North Augusta, Ga. 


766.39 


Augusta, Ga. (An- 
nuity) 

Taxes 


Augusta, Ga 

Charlotte 

Pinners Point, Va. 


2,778.02 
625 00 


Land 


12 000 00 


Miscellaneous . 


2,650.04 










Total 


37,128.73 











272 



-N. C. CORPOKATION COMMISSION". 



OTHER DEDUCTIONS FROM INCOME. 



Nature of Deduction. 


Total. 


Remarks. 


Net discount on securities 


$ 358,661.99 
12,000.00 
2,118.96 
2,118.91 


Proportion of net discount on securities 


Richmond- Washington Co. 


charged off during current year, bal- 


Roswell R. R. Arbritrary 

Greenville Tipple 


r-urity. 






Total 


374,899.86 





SEPARATELY OPERATED PROPERTIES. 



Name of Property. 


■ 
Location of Property. 


Profit. 


Loss. 






$ 


$ 88,110.50 




Nashville, Tenn. 




19,892.64 




Athens, Ga. 


3,455.72 




Cent. Trans. Ry. and Storage Co. _ 




1,110.55 








Net total 


3,455.72 


105,657.97 









SOUTIIEEK RAILWAY. 



273 



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Corp. 2- 



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274 



N. C. CORPOEATIOW^ COMMISSION. 













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SOUTHERN EAILWAY. 



2Y5 



CO t^ r-^ 









§ I 



276 



E". C. CORPORATION^ COMMISSION". 



COMPARATIVE GENERAL BALANCE SHEET. 



June 30, 1907 




June 30, 1908. 


Year Ending June 30, 1908. 












Total. 




Total. 


Increase. 


Decrease. 


$287 425,400 33 


Cost of road 


$293,856,032 96 


$ 6,430,632 63 


$ 


46,256,022 85 


Cost of equipment 


47,202,867 42 


946,844 57 




28,352,296 99 


Stocks owned 


28,280,622 86 




71,674 13 


42,408,416 47 


Funded debt owned 


63,801,494.11 


21,393,077 64 




32,358,500.00 


Cost of road leasehold estates 
(per contra) 


32,349,000.00 




9,500.00 


22,591,928.42 


Cash and current assets.. _ . . 


11,474,808.24 




11,117,120.18 




OTHER ASSETS. 








8,221,896.28 


Materials and supplies 


3,829,378.94 




4,392,517.34 


547,963.39 


Sinking, insurance and other 
funds 


519,361.00 
1,080,106.42 




28,602.39 


811,805.37 


Sundries 


268,301.05 






Coupons purchased from N. A. 


51,455.00 


51,455.00 




2,613,478.36 




1,362,035.04 




1,251,443.32 


163,697.61 


Income accrued not due 


160,531.63 




3,165.98 


1,655,537.08 


Net deficit of securities sold to 
be charged off during life of 


1,991,375.09 


335,838.01 










473,406,943 15 


485,959,068.71 


12,552,125.56 






LIABILITIES. 












180,000,000.00 


Capital stock 


180,000,000.00 






228,712,277.47 


Funded debt 


252,049,833.51 


23,337,556.04 




32,358,500.00 


Outstanding securities of lease- 
hold estates 


32,349,000.00 




9,500.00 


17,270,327.28 


Current habilities _ . . . 


11,128,334.17 




6,141,993.11 


1,719,130.71 


Accrued interest on funded debt 
and accrued rentals not yet 
payable 


1,744,230.96 


25,100.25 




673 224 67 


Taxes accrued not due 


772,284 93 


99,060 26 




3,166,678 06 


Reserve accounts 


887,580 91 




2,279,097.15 


547,963.39 


Reserve for insurance 


519,361.00 




28,602.39 


167,569.38 


Sundry accounts 


216,270.48 


48,701.10 




1,493,000.00 


Unmatured balance purchase 
price Va. and S. W. Ry. stock, 
payable July 1, 1908 






1,493,000.00 


1,056,109.45 


Unmatured obligations account 
new steel rail and bridges 
purchased 


500,987.53 




555,121.92 


6,242,162.74 




5,791,185.2? 




450,977.52 










473,406,943.15 


485,959,068.71 


12,552,125.56 











SOUTHERN RAILWAY. 



77 



EMPLOYEES AND SALARIES -State of North Carolina. 



Class. 


Number. 


Total 
Number 
of Days 
Worked. 


Total 
Yearly 
Compensa- 
tion. 


Average 
Daily 
Compensa- 
tion. 


General officers 






$ 


$ 


Other officers 


118 


42,420 


128,891.32 


3 04 


General office clerks . _ 




Station agents 


255 
691 
328 
361 
234 
594 
201 
329 
158 
245 
1,523 
293 
263 
888 


93,024 

220,640 
78,825 
93,588 
62,352 

159,311 
57,844 
95,544 
45,764 
89,292 

367,860 
91,040 
96,012 

294,760 


157,456.96 
266,898.72 
373,760.08 
216,201.48 
241,636.72 
286,868.80 
177,413.60 
167,966.04 
94,639.20 
135,545.16 
315,822.12 
163,475.64 
222,878.76 
297,905.72 


1 69 


Other station men 


1 21 


Enginemen 


4 74 




2 31 


Conductors _ _ 


3 88 




1 80 




3 07 


Carpenters 


1 76 


Other shopmen 


2 07 


Section foremen 


1 52 


Other trackmen 


.86 
1.80 
2 32 


Switch tenders, crossing tenders and watchmen. 
Telegraph operators and dispatchers 


All other employees and laborers.- 


1 01 






Total (including General Officers) 


6,481 


1,888,276 


3,247,360.32 


1.72 


Total (excluding General Officers) 


6,481 

2,058 
1,079 
3,344 


1,888,276 

647,394 
245,636 
995,246 


3,247,360.32 


1.72 


Distribution of above — 

Maintenance of way and structures 

Maintenance of equipment 


640,411.60 

605,170.12 

2,001,778.60 


.99 
2.46 
2 01 


Transportation expenses 






Total (including General Officers.) 


6,481 


1,888,276 


3,247,360.32 


1.72 


Total (excluding General Officers) 


6,481 


1,888,276 


3,247,360.32 


1.72 


Total (including General Officers) — En- 
tire line 


38,640 


12,002,068 


22,190,724.76 


1.85 





278 



N. C. COEPORATIOW COMMISSION. 



TRAFFIC AND MILEAGE STATISTICS— Entire Line. 



Item. 


Column for 
Number 

Passengers, 

Tonnage, 

etc. 


Columns for Revenue 
and Rates. 


Passenger Traffic — 

Number of passengers carried earning revenue. _ 

Number of passengers carried one mile 

Number of passengers carried one mile per mile 
of road 


14,678,241 
622,301,726 

83,094 
42.40 


Dollars. 


Cts. 


Mills. 


Average distance carried — miles 








Total passenger revenue 


14,315,961 


38 
97 
02 
26 
11 
10 




Average amount received from each passenger 




532 


Average receipts per passenger per mile 






300 


Total passenger service train revenue _ 




17,899,855 
2,390 

1 




Passenger service train revenue per mile of road 






Passenger service train revenue per train mile 




602 


Freight Traffic — 

Number of tons of freight carried earning revenue 


22,654,389 
3,489,959,469 
466,003 
154.05 




Number of tons carried one mile 








Number of tons carried one mile per mile of road _ 








Average distance haul of one ton — miles. 








Total freight revenue 


34,171,329 
1 


17 
50 




Average amount received for each ton of freight 




838 


Average receipts per ton per mile 




979 


Freight revenue per mile of road _ . 




4,562 
1 

52,941,716 

7,069 

1 

39,854,722 


79 

88 

51 
14 

59 
13 

68 
20 
38 

46 




Freight revenue per train mile 




256 


Total Traffic 

Operating revenues 






Operating revenues per mile of road 






Operating revenues per train mile 




898 








Operating expenses per mile of road_ 




5,321 

1 

13,086,994 

1,747 




Operating expenses per train mile 




371 


Net operating revenue (or deficit) 






Net operating revenue (or deficit) per mile of 
road 






Average number of passengers per car mile 


8 

38 
4.60 

14.51 

192.27 

19.45 

13.25 

5.26 
7,489.13 




Average number of passengers per train mile 








Average number of passenger cars per train mile 








Average number of tons of freight per loaded 
car mile _ _ _ . _ _ _ 








Average number of tons of freight per train mile 
















Average number of loaded cars Der train mile 








Average number of empty cars per train mile _. 
Average mileage operated during year 























SOUTHERN RAILWAY. 



2Y9 



TRAFFIC AND MILEAGE STATISTICS— Entire Line— Continued. 



Classification. 


Item. 


Total. 


Locomotive Mileage — Revenue Service — 
Freight locomotive miles 


17,622,105 
15,255,484 

1,256,206 
25,614 

7,594,395 


. 


Passenger locomotive miles 




Mixed locomotive miles _ _ 




















41,753,804 








Nonrevenue service locomotive miles 




1,204,118 


Car Mileage — Revenue Service — 
Freight Car Miles — 
Loaded 


240,560,033 
95,540,428 
16,885,032 




Empty _ . . _ 




Caboose 








Total 




352,985.493 








Passenger Car Miles — 
Passenger 


34,979,877 
13,755,307 
25,752,625 




Sleeping, parlor and observation 




Other passenger train cars 








Total 




74,487,809 








Special Car Miles — 

Freight — loaded . . . _ _ .___.. 


16,100 
666 
600 
110,200 
20,755 
21,016 




Freight — empty 




Caboose 




Passenger 




Sleeping, parlor and observation 




Other passenger train cars 








Total 




169,337 








Total in revenue service _ _ 




427,642,639 








Nonrevenue service car miles 




4,117,609 


Train Mileage — Revenue Service — 
Freight train miles . 


16,900,210 

14,932,635 

1,251,320 

25,614 




Passenger train miles _ _ . 




Mixed train miles 




Special train miles 








Total revenue train mileage 




33,109,779 








Nonrevenue service train miles _ 




1,204,118 









280 



N. C. CORPOEATIOIT COMMISSIOIT. 



TRAFFIC AND MILEAGE STATISTICS— State of North Carolina. 



Item. 



Column for 
Number 

Passengers, 

Tonnage, 

etc. 



Columns for Revenue 
and Rates. 



Passenger Traffic — 

Number of passengers carried earning revenue. 
Number of passengers carried one mile 



Dollars. 



Number of passengers carried one mile per mile 
of road 



Average distance carried — miles 

Total passenger revenue 

Average amount received from each passenger _ 

Average receipts per passenger per mile 

Total passenger service train revenue 

Passenger service train revenue per mile of road- 
Passenger service train revenue per train mile... 

Freight Traffic — 

Number of tons carried of freight earning revenue 

Number of tons carried one mile 

Number of tons carried one mile per mile of road 

Average distance haul of one ton — miles 

Total freight revenue 

Average amount received for each ton of freight _ 

Average receipts per ton per mile 

Freight revenue per mile of road 

Freight revenue per train mile 

Total Traffic — 

Operating revenues 

Operating revenues per mile of road 

Operating revenues per train mile 

Operating expenses 

Operating expenses per mile of road 

Operating expenses per train mile 

Net operating revenue (or deficit ) 

Net operating revenue (or deficit) per mile of 
road 

Average number of passengers per car mile 

Average number of passengers per train mile___ 

Average number of passenger cars per train mile_ 

Average number of tons of freight per loaded 
car mile 

Average number of tons of freight per train mile_ 

Average number of freight cars per train mile_ , 

Average number of loaded cars per train m.ile __ 

Average number of empty cars per train mile _ _ 

Average mileage operated during year 



3,854,686 
135,140,838 



93,250 
35. 



3,065,364 



3,795,921 

2,619 

1 



5,579,613' 
729,358,317 
503,273 
130.72 



,032,595 

1 



5,542 

2 

11,916,606 

8,222 

1 

7,682,578 

5,301 

1 

4,234,028 

2,921 



9 
45 
4.86 

12.50 

197.15 

21.03 

15.77 

4.35 

1,449.23 



Cts, 



Mills. 



259 



43 


963 


01 


101 


66 




17 


121 


76 




72 




88 


159 


53 




15 




21 


305 


23 




57 





SOUTHERN EAILWAY. 



281 



TRAFFIC AND MILEAGE STATISTICS—State of North Caro/ina-Continued. 



Classification. , 


Item. 


Total. 


Locomotive Mileage — Revenue Service — 
Freight locomotive miles 


3,577,815 

2,707,908 

353,653 

4,510 

1,324,338 




Passenger locomotive miles 




Mixed locomotive miles 




Special locomotive miles 




Switching locomotive miles 








Total in revenue s'ervice 




7,968,224 








Nonrevenue service locomotive miles.. _ 




242,348 


Car Mileage— Revenue Service: 
Freight Car Miles — 
Loaded 


58,335,412 
16,100,408 
3,352,823 




Empty 




Caboose 








Total 




77,788,643 






Passenger Car Miles — 
Passenger 


6,621,683 
2,638,654 
5,223,204 




Sleeping, parlor and observation 




Other passenger train cars_ . . 








Total 




14 483 541 








Special Car Miles — 

Freight — loaded _ _ 


538 

396 

242 

16,326 

5,186 

4,973 




Freight — empty _ _ _ 




Caboose _ _ . _ 




Passenger 




Sleeping, parlor and observation _ _ 




Other passenger train cars _ . 








Total - __- ___ -.- ... 




27 661 








Total in revenue service 




92 299 845 








Nonrevenue service car miles 




788,668 


Train Mileage — Revenue Service^ — 

Freight train miles __ _ . _ _ 


3,345,950 

2,629,190 

353,629 

4,510 


Passenger train miles . ... _ . . 




Mixed train miles . ___ 




Special train miles. - . . 








Total revenue train mileage 




6 333 279 








Nonrevenue service train miles 




242,348 







282 



I^. C. CORPORATION COMMISSION". 



FREIGHT TRAFFIC MOVEMENT- State of North Carolina. 

COMPANY'S MATERIAL EXCLUDED. 



Commodity. 


Total Freight Tonnage. 


Products of Agriculture — 


Whole Tons. 
81,750 
73,353 
33,908 
27,523 
37,250 
172,080 
63,306 
80,324 


Per Cent. 
1.45 


Flour - 


1.32 


Other mill products 


.61 


Hay - 


.49 


Tobacco 


.67 


Cotton 


3.08 


Fruit and vegetables 


].14 


Other products of agriculture 


1.44 






Total 


569,494 


10.20 






Products of Animals — 
Live stock 


19,232 
3,404 

17,874 
2,954 
3,296 

24,082 


.35 


Dressed meats . 


.06 


Other packing-house products 

Poultry, game and fish 


.32 
.05 


Wool - 


.06 


Hides and leather _ _ 


.43 






Total 


70,842 


1.27 






Products of Mines— 

Anthracite coal - _ 


17.405 

1,452,494 

7,840 

22,932 

150,595 

35,229 


.31 




26.03 


Coke 


.14 


Ores - . . 


.41 


Stone, sand and other like articles 


2.70 


Other products of mines 


.63 






Total --- 


1,686,495 


30.22 






Products of Forests — 

Lumber . _ 


856,449 
373,809 


15.35 


Other products of forests 


6.70 






Total ._ .. . _. _ . 


1,230,258 


22.05 






Manufactures — 

Petroleum and other oils 


63,179 
15,116 
4,486 
90,204 
21,950 


1.13 


Sugar _ _. - . . - 


.27 




.08 


Iron, pig and bloom 


1.62 


Iron and steel rails_ 


..39 



SOUTHERN RAILWAY. 



283 



FREIGHT TRAFFIC MOVEMENT-State of North Carolina-Continued. 



Commodity. 


Total Freight Tonnage. 


Manufactures — Continued — 

Other castings and machinery 


Whole Tons. 

55,147 

27,715 

153,505 

4,954 

3,331 

5,563 

68,071 

407,316 


Per Cent. 
99 


Bar and sheet metal 


.50 


Cement, brick and lime 


2.75 




.09 


Wagons, carriages, tools, etc. 

Wines, liquors and beers 


.06 
.10 


Household goods and furniture 


1.22 


Other manufactures 


7.30 






Total 


920.537 


16.50 






Merchandise 


714,210 

387,777 


12.81 


Miscellaneous — 

Other commodities not mentioned above 


6.95 


Total tonnage — State 


5,579,613 


100.00 


Total tonnage — Entire line 


22,654,389 


100.00 







284 



N". C. CORPOEATION COMMISSION. 



DESCRIPTION OF EQUIPiVIENT-Entlre Line. 

OWNED OR LEASED. 





Number 

on 

June 30, 

1907. 


Number 
Added 
During 
Year. 


Number 

Retired 

During 

Year. 


Number 

on 

June 30, 

1908. 


Number Fitted with 


Item. 


Train 
Brake. 


Automatic 
Coupler. 


Locomotives — Owned or Leased: 
Passenger. 


376 
956 
197 


11 
34 

15 


3 

1 


384 
989 
212 


384 
989 
212 


384 


Freight 


989 


Switching 


212 








Total locomotives in ser- 
vice.. 


1,529 


60 


4 


1,585 


1,585 


1,585 






Total locomotives owned. . 


1,529 


60 


4 


1,585 


1,585 


1,585 


Cars — Owned or Leased: 
In Passenger Sevice — 
First-class cars 


381 
95 

127 
17 
6 

342 
1 


1 




382 
95 

125 
16 
5 

337 
1 


382 
95 

125 
16 
5 

337 
1 


382 


Second-class cars 




95 


Combination cars 




2 

1 
1 

5 


125 


Dining cars 




16 


Parlor cars 




5 


Baggage, express and postal 
cars 




337 


Other cars in passenger service 




1 










In Freight Service — 
Box cars 


30,630 
2,841 

815 
21,253 

166 


12 
3 


728 

169 

13 

638 

5 


29,914 

2,675 

802 

20,615 
159 
217 


29,664 

2,520 

783 

20,045 
159 
217 


29,914 


Flat cars 


2,675 


Stock cars 


802 


Coal cars 




20.615 


Refrigerator cars _ 




159 


Other cars in freight service 


222 


217 








TotaL. . 


55,705 


237 


1,560 


54,382 


53,388 


54,382 






In Company's Service — 
Officers' and pav cars 


18 

9 

27 

711 

1,258 


1 
1 
2 

230 
37 




19 
10 

28 

886 

1,261 


19 

10 

27 

666 

712 


19 


Gravel cars 




10 


Derrick cars 

Caboose cars 

Other road cars 


1 
55 
34 


28 

886 

1,261 


Total 


2,023 


271 


90 


2,204 


1,434 


2,204 


Total cars in service 

Less cars leased 


58,697 
200 


509 


1,659 


57,547 
200 


55,783 
200 


57,547 
200 










Total cars owned 


58,497 


509 


1,659 


57,347 


55,583 


57,347 



EQUIPMENT OWNED OR LEASED NOT IN SERVICE OF RESPONDENT. 



Locomoti ves 


7 






7 


7 


7 






Cars in passenger service 


8 

7 






8 

7 


8 


8 




















Total cars 


15 






15 


8 


15 











SOUTHEEX EAILWAY, 



285 



i 
Pi 


1* 


7,028.17 

237.06 

4.12 

1.51 

1,977.82 


00 
CO 

00 

d 


1 


2.50 

197.88 


^ 


New Line 
Construct- 
ed During 
Year. 


41.39 

51.42 

1.02 

193.87 


(M 


3 11 


S § S S ^ 


s 


^J £5 ^ ^ ^ 

in <M T-H 


s 


Line 
Operated 

Under 
Trackage 

Rights. 

480.49 


05 

i 


Line 
Operated 

Under 

Contract, 

Etc. 


971.82 
5.84 

205.36 


<M 

O 

CO 
00 


Line 

Operated 

Under 

Lease. 


1,082.80 
49.28 

330.29 


co 


Line of 
Proprie- 
tary 
Companies. 

1,079.09 
269.29 


00 
CO 

oo' 

CO 


o 
c 
13 


Branches 
and Spurs. 

1,272.65 
6.80 

373.84 


CO 


Ol' 

c 
c 


1-1 -* (M rH (>] 
CO I— 1 rH lO 05 


s 


s; ^ ^ -^ ^ 

to i-H Oi 


co' 




.S 
13 


Miles of single track 

Miles of second track 

Miles of third track '_ 

Miles of fourth track 

Miles of yard track and sidings 


i 

3 

1 

% 

(V 

1 

s 



286 



N. C. CORPOEATIOI^ COMMISSIOJSr. 



1 


1 


913.82 

1.329.67 

1,120.67 

909.91 

5.99 

1,007.45 

326.11 

891.43 

129.84 

236.17 

157.11 


t- 


1 


.15 
1.36 

.93 
.06 




New Line 
Construct- 
ed During 
Year. 


5.55 
11.04 

24.80 


^ 


3 11 


3.40 

955.30 

1,450.50 

1,127.78 

1,054.62 

41.81 

1,037.08 

345.04 

943.16 

152.35 

237.23 

162.89 


CO 

U3 
t^ 


Line 
Operated 

Under 
Trackage 

Rights. 


3.40 

41.48 

120.68 

5.75 

144.71 

35.82 

28.70 

18.93 

51.67 

22.51 

1.06 

5.78 


^ 


Line 
Operated 

Under 
Contract, 

Etc. 


154.35 
609.88 

207. 59 


^ 

S 


Line 

Operated 

Under 

Lease. 


306.74 
294. 12 
138.71 
192.88 

150.35 


8 


Line of 
Proprie- 
tary 
Companies. 


292.60 

16.58 

64.01 

5.99 

33.42 

291.36 

9.12 

129.84 

236. 17 


§ 


1 

G 

13 




192.20 

349.05 

35.15 

178.93 

214.06 

.65 

292.21 

10.40 


lO 

CO 


i 

1 


414.88 
239.70 
321.71 
474.09 

610.55 

34.10 

382.57 

146.71 


CO 




6 

rt 
M 


District of Columbia 

Virginia 

North Carolina 

South Carolina 

Georgia 

Florida 

Alabama 

Tennessee 

Kentucky 

Indiana 

Illinois 


1 

.S 

i 

u 
o 

1 

1 



SOUTHEEN ExVILWAY 



287 



MILEAGE— Entire Line-Continued. 
MILEAGE OF LINE OWNED. BY STATES- (Single Track). 



State. 



Line Owned. 



Main 
Line. 



Branches 

and 

Spurs. 



New Line 
Total Con- 

Mileage I structed 
Owned. I During 
Year. 



Rails. 



Iron. 



Steel. 



Virginia 

North Carolina 

South Carolina 

Georgia 

Alabama 

Mississippi 

Tennessee 

Illinois 

Total mileage owned (single track) 



414.88 
239.70 
321.71 
474.09 
610.55 
34.10 
382.57 
146. 71 



201.60 
349.05 

45.13 
178.93 
214.06 

38.47 
292.21 

10.40 



2,624.31 



616.48 
588.75 
366.84 
653.02 
824.61 
72.57 
674.78 
157.11 



,15 



5.55 



1,329.85 3,954.16 



5.55 



.23 



616.48 
588.60 
366.84 
653.02 
824. 38 
72.57 
674.72 
157.11 



3,953.72 



288 



N. C. CORPORATION COMMISSIOIvT. 



< 
S 

PL, 

o 

e/i 9 

UJ ^ 

S Q 

c/) ^7 
UJ A 

< O 

UJ <; 

X ^ 

2 § 

•- o 

o 

o 

o 

Pi 

g 



ft .O cj c 



5o M 



Oi LO 00 OS 



(M CO CO CO 



Eh a; 3 ^^'u 



^ >H r^ ^ 

O S-J i^ 01 






LO 00 lO 00 



,^ oi *-i .2 &a .- o w '-M 

^ 03 T) ho 0) 01 r^ 

M Oo 



O °M 



lilt 

cS O (1) 

01 S M ft 

o ^ 



rH CO CO 



P > 



o < ^ 



i ^ .s I 

H £ S w 



ATLANTIC AND DANVILLE RAILWAY COMPANY. 



289 



ATLANTIC AND DANVILLE RAILWAY COMPANY, 

(FINANCIAL REPORT). 
Operating Revenues Included in Report of Southern Railway Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President 

Secretary-Treasurer ___. 


B. Newgass 

Adam Tredwell _ _ - . _ . . 


London, Eng. 
Norfolk, Va. 


General Agent 


Walter C. Archer 


Norfolk, Va. 







DIRECTORS. 

B. Newgass, London, Eng.; J. W. Perry, Norfolk, Va.; Walter C. Archer, Norfolk, Va.; 
John T. GriflBn, Portsmouth, Va.; John F. Rison, Danville, Va.; A. B. Carrington, Danville, 
Va.; J. W. Carter, Danville, Va.; Robt. Haskins, Richmond, Va.; S. M. Lehman, New York 
City. Expiration of term, third Tuesday in November, 1908. 



MILEAGE. 



Mileage in North Carolina 

Mileage, Danville, Va., to Norfolk, Va. 
Mileage, branches 



22.00 miles, 

203.46 miles 

72.99 miles. 



Corp. 2 19 



290 



E". C. CORPOEATIOIsr COMMISSIOI^. 



INCOME ACCOUNT-Lessor's Report. 



Income from lease of road . _ _ _ . _ 




$ 188,000.00 


Deductions from Income — 






Salaries and maintenance of organization 


$ 3,549.96 




Interest on funded debt accrued _ _ 


188,000.00 




Other deductions 


2,871.04 








Total deductions from income _ _ _ _ 




194,421.00 


Deficit 




6,421.00 


Deficit from operations of year ending June 30, 1908 


6,421.00 




Deficit on June 30, 1907 (from "General Balance Sheet," 1907 
report) 


28,153 63 




Deficit on June 30, 1908 (for entry on "General Balance Sheet"), 


34,574.63 





CAPITAL STOCK AND FUNDED DEBT-Lessor's Report 

Capital stock 

Capital stock — per mile 

Funded debt i 

Funded debt — per mile 

Interim receipts 

Total 



$ 2,180,000 


7,886 


4,700,000 


17,001 


750,000 


7,630,000 



ATLANTA AND CHARLOTTE AIR TINE RAILWAY COMPANY. 291 



ATLANTA AND CHARLOTTE AIR LINE RAILWAY COMPANY. 

(FINANCIAL REPORT). 
Operating Revenues Included in Report of Southern Railway Company. 

OFFICERS. 



Title. 



Name. 



Location of Office. 



President 

First Vice-President 

Secretary 

Treasurer 

General Counsel 



Charles S. Fairchild 

George F. Canfield 

Harlan F. Stone 

J. W. Flatten 

Wilmer, Canfield & Stone 



New York. 
New York. 
New York. 
New York. 
47 Wall St., N.Y. City. 



DIRECTORS. 

Charles S. Fairchild, 10 West 8th Street, N. Y.; Herbert L. Griggs, 48 Wall Street, N. Y.; 
John A. Middleton, 143 Liberty Street, N. Y.; Edwin W. Lancaster, 10 Wall Street, N. Y.; 
George F. Canfield, 49 Wall Street, N. Y.; Hiram W. Sibley, Triangle Building, Rochester, 
N. Y.; Frederick Cromwell, 32 Nassau Street, N. Y.; Robert L. Harrison, 59 Wall Street, N. Y.; 
Joseph Wilmer, Rapidan, Va.; Harlan F. Stone, 49 Wall Street, N. Y.; George M. Cummings, 
55 Cedar Street, N. Y.; Henry Parrish, Jr., 52 Wall Street, N. Y. 



PROPERTY OPERATED-State of North Carolina. 



Atlanta and Charlotte Air Line Railway Company, from Charlotte, N. C, to 
State Line, S. C. (miles) 



43.18 



PROPERTY OPERATED-Entire Line. 



Atlanta and Charlotte Air Line Railway Company, from Charlotte, N. C, to 
Armour, Ga. (miles) 



263. 



CAPITAL STOCK. 



Capital stock — common — number of shares authorized 

Par value of shares 

Total par value authorized 

Total amount issued and outstanding 

Dividend of 7 per cent, declared 



17,000 

$ 100.00 

1,700,000.00 

1,700,000.00 

119,000.00 



292 



N. C. COEPOKATIOIvr COMMISSION. 



RECAPITULATION FOR MILEAGE OWNED. 



Account. 


Amount 
Outstanding. 


Miles. 


Amount 
Per Mile. 


Capital stock- ._ _' . _. 


$ 1,700,000.00 
5,500,000.00 


263.08 
263.08 


$ 6,450.00 


Bonds __- . _ .. __ _ 


20,906.00 






Total _. .-_ . _ 


7,200,000.00 




27,356.00 









INCOME ACCOUNT. 







$ 369,000.00 




$ 2,500.00 
247,500.00 




Interest on funded debt _ . _ 








Total deductions _ _ _ _ _ 




250,000.00 








Net income. _- _____ 


119,000.00 


Dividends, 7 per cent, on common stock __ _ _ _ 




119,000.00 









ATLANTIC AND YADKIN RAILWAY COMPANY, 



293 



ATLANTIC AND YADKIN RAILWAY COMPANY. 

(FINANCIAL REPORT). 
Operating Revenues Included in Report of Southern Railway Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President. ... ._ 


A. B. Andrews. _. 


Raleigh, N. C. 


Vice-President.. . . 


Fairfax Harrison . . 


Washington, D. C. 


Secretary 


H. W. Miller 


Raleigh, N. C. 


Treasurer 


H. C. Ansley 


Washington, D. C. 


Auditor 


A. H. Plant 


Washington, D. C. 


General Manager 


C. H. Ackert 


Washington, D. C. 


Superintendent 


J. M. Bennett 


Winston-Salem, N. C. 



DIRECTORS. 

J. Van Lindley, Greensboro, N. C; J. W. Fry, Greensboro, N. C; C. H. Ireland, Greensboro, 
N. C; B. Frank Mebane, Spray, N. C; J. C. Watkins, Greensboro, N. C; W. H. Osborne, Greens- 
boro, N. C. Expiration of term, fourth Wednesday in November, 1908, or until their successors 
are appointed. 



PROPERTY OPERATED. 



Name. 


Termini. 


Miles of 


From — 


To— 


Line. 


Atlantic and Yadkin Rail- 
way ... - 


Sanford 

Ramseur 


Mt. Airy 


130 95 


Atlantic and Yadkin Rail- 
way 


Climax 


18.74 




Stokesdale 


Madison 


11.39 








Total 


161 08 











Note.— Southern Railway Co. operates through ownership of capital stock. 



294 



N. C. COEPORATION COMMISSION. 



COST OF ROAD, EQUIPMENT AND PERMANENT IMPROVEMENTS. 



Item. 


Total Cost to 
June 30, 1908. 


Cost 
Per Mile. 


Total cost of construction, equipment, etc. 


$ 2,500,000.00 


$ 15 520 00 







RECAPITULATION OF CAPITALIZATION. 



Account. 


Total 

Amount 

Outstanding. 


Apportion- 
ment to 
Railroads. 


Amount Per Mile of Line. 


Miles. 


Amount. 


Capital stock- ._ . ___ 


$ 1,000,000.00 
1,500,000.00 


All 

All 


161.08 
161.08 


$ 6,208.00 


Bonds 


9,312.00 


Total... ._ .- _ .- . 


2,500,000.00 




161.08 


15,520.00 









CURRENT LIABILITIES. 



Audited vouchers and accounts. 



73,641.24 



INCOME ACCOUNT. 



Gross deficit from lease of road* 

Gross corporate deficit 


$ 2,265.97 


$ 2,265 97 


Deductions from Gross Corporate Income — 
Interest accrued on funded debt 


60,000.00 
2,169.23 




Other interest 








Total deductions from gross corporate income 




62,169 23 








Net corporate loss 


64,435 20 








Balance for year carried forward to Dr. of profit and loss 


64,135 20 


Balance debit for vear 1907 




24,206 04 








Balance debit June .30, 190<S, to "General Balance Sheet" 


88,641.24 









"Gross deficit from lease of road is deducted from operating income of Southern Railway Co. 



ATLANTIC AND YADKIN RAILWAY COMPANY. 



295 



COMPARATIVE GENERAL BALANCE SHEET. 



June 30, 1907. 


ASSETS. 


June 30, 1908. 


Year Ending June 30. 1908. 


Total. 


Total. 


Increase. 


Decrease. 


$ 2 500 000 00 


Cost of road 


$ 2,500,000.00 
88,641.24 


$ 


$ 


24 206 04 


Profit and loss 


64,435.20 






Grand total 




2,524,206.04 


2.588.641.24 


64,435.20 






LIABILITIES. 

Capital stock 




1,000,000.00 


1,000,000.00 

1,500,000.00 

73,641.24 

15,000.00 






1,500,000 00 


Funded debt 






9,206 04 


Current liabilities 


64,435.20 




15,000.00 


Accrued interest on funded debt 
not yet payable . _ 






Grand total 






2,524,206.04 


2,588,641.24 


64,435.20 











296 



N. C. CORPOEATIOi!^ COMMISSIOIS". 



HIGH POINT, RANDLEMAN, ASHBORO AND SOUTHERN 
RAILROAD COMPANY. 

(FINANCIAL REPORT). 
Operating Revenues Included in Report of Southern Railway Company. 

OFFICERS. 



Title. 



President 

Vice-President _ 

Secretary 

Treasurer 

Auditor 

General Manager 
Superintendent. _ 



Name. 



A. B. Andrews __ 
Fairfax Harrison 

H. W. Miller 

H. C. Ansley 

A. H. Plant 

C. H. Ackert 

P. G. Walton__. 



Location of OfiBce. 



Raleigh, N. C. 
Washington, D. C. 
Raleigh, N. C. 
Washington, D. C. 
Washington, D. C. 
Washington, D. C. 
Greensboro, N. C. 



DIRECTORS. 

R. F. Dalton, High Point, N. C; J. E. Cox, High Point, N. C; W. G. Bradshaw, High 
Point, N. C; S. Bryant, Randleman, N. C; W. P. Wood, Ashboro, N. C; J. E. Walker, Ash- 
boro, N. C; A. B. Andrews, Raleigh, N, C; P. H. Morris, Ashboro, N. C; J. S. McAUster, Spray, 
N. C; W. H. Ragan, High Point, N. C; F. M. Pickett, High Point, N. C; J. E. Williamson, 
Worthville, N. C; and T. J. Finch, Ashboro, N. C. . 



PROPERTY OPERATED. 



High Point, Randleman, Ashboro and Southern Railroad, from High Point 
to Ashboro (miles) 



26. 



Southern Railway Co. operates through ownership of majority of the capital stock. 



CURRENT LIABILITIES. 



Current liabilities, balance. 



$ 17,044.70 



HIGH POINT, RANDLEMAN, ASHBOEO AND SOUTHERN. 



297 



CAPITAL STOCK AND FUNDED DEBT. 

FOR MILEAGE OWNED. 



Account. 


Total 

Amount 

Outstanding. 


Amount Per Mile. 


Miles. 


Amount. 


Capital stock 


$ 249,900.00 
662,474.00 


26.80 
26.80 


$ 9,325.00 


Funded debt ' 


24,719.00 






Total 


912,374.00 


26.80 


34,444 00 






Total cost of construction- _ _ _ 


651,900.00 


26.80 


24,324.99 







INCOME ACQOUNT. 



Net income from lease of road* 

Other Income— 

Interest on other securities, loans and accounts 


$ 


23,018.45 
16.39 


$ 








Gross corporate income 




23,034.84 


Deductions from Gross Corporate Income — 

Interest accrued on funded debt 




37,143.70' 








Net corporate loss 




14,108 86 








Balance for year carried forward to Dr. of profit and loss _.- 
Balance debit June 30, 1907 




14,108.86 
16,333 54 








Balance debit, June 30, 1908, to "General Balance Sheet" 




30,442.40 









*Gross income from lease of road is included in operating income of Southern Railway Co. 



298 



N. C. CORPORATION COMMISSION. 



COMPARATIVE GENERAL BALANCE SHEET. 



June 30, 1907. 


ASSETS. 


June 30, 1908. 


Year Ending June 30, 1908. 


Total. 


Total. 


Increase. 


Decrease. 


$ 651,900.00 


Cost of road .. 


$ 651,900.00 
247,076.34 

30,442.40 


$ 


$ 


247,076.34 


Funded arrears of interest sus- 
pended 




9,124.16 


Cash and current assets 

Profit and loss 




9,124.16 


16,333 54 


14,108.86 






Grand total 




924 434 04 


929,418.74 


4,984.70 






LIABILITIES. 

Capital stock 




249 900 00 


249,900.00 

662,474.04 

17,044.70 






402,000 00 


Funded debt 


260,474.04 




272 534 04 


Current liabilities 


255,489.34 




Grand total 






924,434 04 


929,418.74 


4,984.70 











XORTH CAROLINA RAILROAD COMPANY. 



299 



NORTH CAROLINA RAILROAD COMPANY. 

(FIXA^XIAL REPORT). 
Operating Revenues Included in Report of Southern Railway Company. 

OFFICERS. 



Title. 



Location of OflBce. 



President | Hugh G. Chatham j Elkin, X. C. 

Secretary and Treasurer i A. H. Eller ] Burlington, N. C. 

I 

Attorney ' R. A. Doughton Sparta, X. C. 

Expert I John W. Thompson Raleigh, X^. C. 



DIRECTORS. 

R. F. Hoke, Raleigh, X. C; B. Cameron, Raleigh, X. C; Hugh G. Chatham, Winston, X. C. 
L. Banks Holt, Graham, N. C; W. H. WiUiams, Xewton. X. C; S. C. Penn, Reidsville, X. C. 
Hugh McRae, Wilmington, X. C; W. E. Holt, Lexington, X. C; W. T. Brown, Winston, X. C. 
T. H. Vanderford, Salisbury, X. C; J. W. Lambeth, Thomasville, X. C; A. J. Ruffln, Hillsboro 

X. C. 



PROPERTY OPERATED BY LESSEE. 
Southern Railway Co. 



Xorth Carolina Railroad, Goldsboro to Charlotte (miles). 



223.55 



CAPITAL STOCK. 



Capital stock 

Dividends paid, 7 per cent. 
Special dividend 



4,000,000.00 

280,000.00 

20,000.00 



300 



N. C. CORPOKATIOIvr COMMISSION. 



CURRENT ASSETS AND LIABILITIES. 



CASH AND CURRENT ASSETS. 




Cash 


$ 4 463 51 


Bills receivable _ _ _ 


300.00 


Other cash assets 


17 95 






Balance — current liabilities 


138,540 04 






Total - -- 


143,321 50 


CURRENT LIABILITIES. 




Dividends not called for _ __.-.. _ . . _ 


143,213.50 




108.00 






Total _ - _ . . -- . _ . 


143,321.50 







COST OF ROAD, EQUIPMENT, ETC 

Cost to June 30, 1908 

Cost per mile 

Stocks owned — State University Railroad 



$ 4,975,627.53 

22,257.34 

5,000.00 



INCOME ACCOUNT. 



Gross income from lease of road 




$ 286,000.00 
5,512.75 




Salaries and maintenance of organization 


$ 5,512.75 










Net income from lease of road 


280,487.25 
7,463.61 




Other Income — 
















$ 287,950.86 




280,000.00 
20,000.00 






Disposition of Net Corporate Income — 
Dividends declared: 














Total 




300,000.00 










Balance for year carried forward to Dr. 
of profit and loss 


12,049.14 


Balance credit June 30 1907 






854,136.63 


Credit balance for "General Balance Sheet," June 
30, 1908 






842,087.49 











NOJBTH CAROLINA MIDLAND RAILROAD COMPANY. 



;oi 



NORTH CAROLINA MIDLAND RAILROAD COMPANY. 

(FINANCIAL REPORT). 
Operating Revenues Included in Report of Southern Railway Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President _ _ _ 


A. B. Andrews _ _ _ 


Raleigh, N. C. 


First Vice-President 


Fairfax Harrison 

H. W. Miller 


Washington, D. C. 


Secretary 


Raleigh, N. C. 


Treasurer 


H. C. Ansley _ 


Washington, D. C. 


Auditor 


A. H. Plant 

C. H. Acker t 


Washington, D. C. 


General Manager 


Washington, D. C. 


Superintendent 


J. M. Bennett 


Winston-Salem, N. C. 







DIRECTORS, 

A. B. Andrews, Raleigh, N. C; C. P. McNeeley, Mooresville, N. C; F. M. Johnson, Mocks- 
ville, N. C; W. A. Bailey, Advance, N. C; J. W. Cannon, Concord, N. C; H. E. Fries, Salem, 
N. C; G. W. Hinshaw, Winston, N. C; R. J. Reynolds, Winston, N. C; O. B. Eaton, Mayor, 
Winston, N. C; J. W. Fries, Salem, N. C; H. W. Miller, Raleigh, N. C; S. B. Patterson, Raleigh, 
N. C. 



PROPERTY OPERATED. 



North Carolina Midland Railroad, Mooresville to Winston-Salem (miles). 



53.52 



CURRENT ASSETS AND LIABILITIES. 



assets. 
Due from solvent companies and individuals.. 

LIABILITIES. 

Dividends not called for 



1,779.06 



788.00 



302 



N. C. COEPOEATIOT^J" COMMISSIO]^. 



CAPITAL STOCK AND FUNDED DEBT. 

FOR MILEAGE OWNED. 



Account. 


Total 

Amount 

Outstanding. 


Apportion- 
ment to 
Railroads. 


Amount Per Mile of Line. 


Miles. 


Amount. 


Capital stock 

Bonds 


$ 924,000.00 
913,544.00 


All 

All 


53.52 
53.52 


$ 17,265.00 
17,069.00 


Total 


1,837,544.00 




53.52 


34,334.00 









COST OF ROAD, CONSTRUCTION AND EQUIPMENT. 



Cost of road, construction and equipment per mile, $32,230.94 I $ 1,725,000.00 



INCOME ACCOUNT. 



Gross income from lease of road* 


$ 


$ 92,632.12 




Net income from lease of road 


92,632.12 




Other Income — 

Interest on other securities, Joans and ac- 
counts 


4,141.58 


• 




4,141.58 




Total other income 












Gross corporate income 




$ 96,773.70 


Deductions from Gross Corporate Income — 
Interest accrued on funded debt 




54,812.64 










Total deductions from gross corporate 
income 




54,812.64 










Net corporate income 


41,961.06 










Balance for year carried to Cr. of profit 


41,961.06 


Balance credit June 30, 1907 






87,457.82 






59,737.82 
27,720.00 




Deductions — 

Applied to certificate of indebtedness 


129,418.88 


Dividends — 3 per cent. _ 




87,497.82 








Balance credit June 30, 1908, for 
"General Balance Sheet 




41,921.06 











*Gross income from lease of road is included in operating income reported by Southern 
RailwayCo. 



I^OETir CAEOLIJSTA MIDLAND EAILROAD COMPANY. 



303 



COMPARATIVE GENERAL BALANCE SHEET. 



June 30, 1907. 


ASSETS. 


June 30, 1908. 


Year Ending June 30, 1908. 


Total. 


Total. 


Increase. 


Decrease. 


$ 1,725,000 00 


Cost of road 


$ 1,725,000.00 

112,544.29 
66,779.06 


$ 


$ 


172,282.11 


Funded arrears of interest sus- 
pended 


59,737.82 


111,850.82 


Cash and current assets 




45,071.76 




Grand total 






2,009,132.93 


1,904,323.35 




104,809.58 




LIABILITIES. 

Capital stocK 






924,000 00 


924,000.00 
913,544.29 

788.00 

24,030.00 
41,961.06 






801,000 00 


Funded debt 


112,544.29 




172,645.11 


Current liabilities 


171,857.11 


24,030.00 


Accrued interest on funded debt 
not yet payable 






87,457.82 


Profit and loss 




45,496.76 




Grand total 






2,009,132.93 


1,904,323.35 




104,809.58 











304 



N. C. COEPORATIOI^ COMMISSION. 



NORTH AND SOUTH CAROLINA RAILROAD COMPANY. 

(FINANCIAL REPORT). 
Operating Revenues Included in Report of Southern Railway Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President 


A. B Andrews 


Raleigh N C 


Secretary and Auditor . _ _ _ _ . _ _ 


R. D. Lankford _ __ 


New York, N. Y. 


Treasurer 


H C Ansley 


Washington D C 


Auditor ______ _ ___ ._ 


A. H. Plant. 


Washington, D. C. 


Superintendent _ _ _ _ 


E. T. Lamb 


Norfolk, Va. 







DIRECTORS. 

A. B. Andrews, Raleigh, N. C; John S. Cunningham, Cunningham, N. C; C. W. Johnston, 
Charlotte, N. C; W. W. Finley, Washington, D. C; J. M. Currin, Oxford, N. C; R. L. Dibbrell, 
Danville, Va.; Fairfax Harrison, Washington, D. C; H. W. Miller, Raleigh, N. C; S. B. Pat- 
terson, Raleigh, N. C. Expiration of term, December 3, 1908, or until their successors shall be 
elected. 



PROPERTY OPERATED. 



From State Line, N. C, to Mines (miles). 



4.45 



CAPITAL STOCK. 



Capital stock 

Capital stock per mile 

Current liabilities, balance 
Cost of road 

Cost per mile of line 



$ 50,000.00 

11,235.00 

62,211.08 

112,211.08 

25,215.97 



SOUTHERN RAILWAY CAROLIT^A DIVISION. 



305 



SOUTHERN RAILWAY— CAROLINA DIVISION. 

(FINANCIAL REPORT). 
Operating Revenues Included in Report of Southern Railway Company. 

OFFICERS. 



Title. 



President 

Vice-President 

Secretary 

Treasurer 

Auditor 



Name. 



A. B. Andrews 
W. W. Finley. 
H. W. Miller, _ 
H. C. Ansley._ 
A. H. Plant-__ 



Location of Office. 



Raleigh, N. C. 
Washington, D. C. 
Raleigh, N. C. 
Washington, D. C. 
Washington, D. C. 



DIRECTORS. 

C. Fitzsimons, Columbia, S. C; J. C. Robertson, Columbia, S. C; Thomas Barrett, Jr., 
Augusta, Ga.; George Little, Raleigh, N. C; George A. Wagener, Charleston, S. C; C. N. Free- 
man, Raleigh, N. C; Wilie Jones, Columbia, S. C; S. B. Patterson, Raleigh, N. C; A. B. An- 
drews, Raleigh, N. C; W. W. Finley, Washington, D. C; Fairfax Harrison, Washington, D. C; 
H. W. Miller, Raleigh, N. C; J. P. Matthews, Columbia, S. C; C. D. Mackay, Raleigh, N. C; J. J. 
Seibles, Columbia, S. C. 



MILEAGE OF LINE OWNED— By States. 

(Single Track). 





Line Owned. 


Total Mileage 
Owned. 


State. 


Main Line. 


Branches and 
Spurs. 


South Carolina _ _ . _ _ 


567.27 

106.05 

.86 


41.75 


609.02 


North Carolina . _ 


106.05 


Georgia 




.86 








Total mileage owned (single track) 


674.18 


41.75 


715.93 







Corp. 2 20 



306 



N". C. COEPOKATION COMMISSION". 



ROAD OPERATED-Entire Line. 



Line owned by respondent: 

A. Main line. 

B. Branches and spurs. 

Line operated by respondent but owned 
by another corporation, control being 
secured through stock ownership. 



Line operated under lease for specified 
sum. 

Line operated under contract or agree- 
ment, or where the rent is contingent 
upon earnings or other considerations. 

Line operated under trackage rights. 





Termini. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 
Line for 


Name. 


From — 


To— 


Each Class 
of Roads 
Named. 


1 A. — Southern Railway — 

Carolina Division 


Cayce, S. C 


Hardeeville 


• 

128.63 






Alston, S. C 


Spartanburg 


67.93 






Spartanburg 
Jet., S. C 


Biltmore 


65.90 






Charleston, S. C._ 


Augusta 


136.92 






Branchville, S. C. 


Columbia 


66.30 






Kingsville, S. C. _ 


Marion 


208.50 




1 B. — Southern Railway — 

Carolina Division 


Perry, S. C 


Sievern 


7.64 






Blacksburg, S. C. 


Gaffney 


10.50 






Burton Branch 




5.20 
2.60 






Kaolin, S. C 


Inmas, Miss 






Sumter Jet., S. C. 


Sumter 


15.81 




4.— Transylvania R. R 


Hendersonville, 

N. C. -- 


Lake Toxaway__ 

Central Jet., Ga.. 

W. Broad St., 
Savannah 


42.10 




5.— Atlantic Coast Line R. R._ 


Hardeeville, 
S. C. 


16.70 
3.37 




Central of Georgia Ry 


Central Jet., Ga. 




Augusta and Summerville R. R. 


At Augusta, Ga. 




.49 




Georgia Railroad 


At Augusta, Ga. 




.25 












Total - 




778.84 













SOUTHERN RAILWAY CAROLINA DIVISIOIST. 



307 



RECAPITULATION OF CAPITALIZATION. 

FOR MILEAGE OWNED. 



Account. 


Total 

Par Value 

Outstanding. 


Assignment 
to Railroads. 


Amount Per Mile 
of Line. 




Miles. 


Amount. 


Capital stock 

Funded debt 


$ 4,176,200.00 
11,531,999.00 


All 

All 


715,93 
715.93 


$ 5,833.00 
16,108.00 






Total 


15,708,199.00 




715.93 


21,941.00 









COST OF ROAD, EQUIPMENT. ETC. 



Cost of road 

Cost of equipment 

Cost of equipment per mile 

Cost of road per mile 

Balance current liabilities. 



$ 15, c 



612,841.19 

856.01 

21,468.50 

415,489.41 



INCOME ACCOUNT. 



Net corporate income carried to credit of profit and loss. 



19,621.71 



308 



N. C. CORPORATION COMMISSION. 



COMPARATIVE GENERAL BALANCE SHEET. 



June 30, 1907. 


ASSETS. 


June 30, 1908. 


Year Ending June 30, 1908. 


Total. 


Total. 


Increase. 


Decrease. 


$ 15,272,130.47 


Cost of road _ 


$15,369,939.66 

612,841.19 

2,00 

415,435.00 

18,565.00 

175,087.28 

1.00 

1.00 

34,935.44 

152,877.62 


$ 97,809.19 


$ 


612,841.19 


Cost of equipment. _ _ _ 




2 00 


Stocks owned. . . 






415,435.00 


Cost of road — leasehold estates j. 

Cost of equipment — leasehold 
estates 






18,565.00 








Lands owned, S. C. and G. outlying 
Muniments of title 


175,087.28 




1 00 




1.00 


Augusta Sou. floating debt 

Cash and current assets 






16,690.86 


18,244.58 




172 499 33 


Profit and loss 


19,621 71 




Grand total 






16 508 165 85 


16,779,685.19 


271,519.34 






LIABILITIES. 

Capital stock. . _ 




4,176,200.00 


4,176,200.00 
11,531,999.33 

434.000.00 

450,424.85 

10,299.87 

1,673.86 

175,087.28 

16,779,685.19 






11,359,500.00 


Funded debt ..._____. 


172,499.33 




434,000.00 


Outstanding securities of lease- 
hold estates 




525,114 99 


Current liabilities 




74,690.14 


11,023.87 


Reserve accounts 




724.00 


2,326.99 






653.13 




S. C. and G. outlying lands 

Grand total 


175,087.28 








16,508,165.85 


271,519.34 











STATE UNIVERSITY EAIEBOAD. 



309 



STATE UNIVERSITY RAILROAD. 

(FINANCIAL REPORT). 
Operating Revenues Included in Report of Southern Railway Company. 

OFFICERS. 



Title. 



Name. 



Location of Office. 



President 

Secretary 

Treasurer 

Auditor 

Superintendent. 



A. B. Andrews. 
H. W. Miller. _. 
H. C. Ansley__. 
A. H. Plant_... 
P. G. Walton _. 



Raleigli, N. C. 
Raleigh, N. C. 
Washington, D. C. 
Washington, D. C. 
Greensboro, N. C. 



DIRECTORS. 

E. B. Barbee, Raleigh, N. C; K. P. Battle, Chapel Hill, N. C; J. S. Carr, Durham, N. C; 
T. S. Kenan, Raleigh, N. C; W. A. Erwin. Durham, N. C. Expiration of term, until their 
successors are elected or appointed. 



PROPERTY OPERATED. 



From University to Chapel Hill (miles). 



10.20 



Southern Railway Co. operates through ownership of a majority of the capital stock. 



CAPITAL STOCK 

Capital stock 

Capital stock per mile 

Cost of road 

Liabilities — audited vouchers -. 



$ 31,300.00 
3,069.00 
31,300.00 

151,277.68 



310 



1^. C. CORPORATION COMMISSION. 



INCOME ACCOUNT. 



Net income from lease of road* 


$ 


110.79 




Gross corporate income 


$ 110.79 


Deductions from Gross Corporate Income — 
Other interest 




8,701.50 








Net corporate loss 


8,590.71 








Balance for year carried to Dr. of profit and loss 


8,590.71 


Balance debit June 30, 1907 




142,686.97 


Balance debit June 30, 1908 




151,277.68 








Balance debit June 30, 1908, to "General Balance Sheet" 


151,277.68 









*Gross income from lease of road is included in operating income of Southern Railway. 



YADKIN RAILROAD COMPANY. 



311 



YADKIN RAILROAD COMPANY. 

(FINANCIAL REPORT). 
Operating Revenues Included in Report of Southern Railway Company. 

OFFICERS. 



Title. 



Name 



Location of Office. 



President 

Vice-President . _ 

Secretary 

Treasurer 

Auditor 

General Manager 
Superintendent- - 



A. B. Andrews 

Theodore F. Kluttz 

H. W. Miller 

H. C. Ansley 

A. H. Plant 

C. H. Ackert 

B. G. Fallis 



Raleigh, N. C. 
Salisbury, N. C. 
Raleigh, N. C. 
Washington, D. C. 
Washington, D. C. 
Washington, D. C. 
Greenville, S. C. 



DIRECTORS. 

D. R. Julian, Salisbury, N. C; J. S. Henderson, Salisbury, N. C; F. J. Murdock, Salisbury, 
N. C; L. W. Sanders, Charlotte, N. C; S. H. Hearne, Albemarle, N. C; J. M. Morrow, Albe- 
marle, N. C; D. N. Bennett, Norwood, N. C; A. H. Boyden, Sahsbury, N. C; J. M. Odell, 
Concord, N. C; A. B. Andrews, Raleigh, N. C; Walter Murphy, Salisbury, N. C. 



PROPERTY OPERATED. 



Yadkin Railroad, from Salisbury, N. C, to Norwood, N. C. (miles). 



41.00 



Southern Railway Co. operates through ownership of a majority of the capital stock. 



INCOME ACCOUNT. 



Net income from lease of road* 


$ 4,492.07 








Gross corporate income _ . 




$ 4,492 07 


Deductions from Gross Corporate Income — 
Interest accrued on funded debt 


65,590.00 
2,040.38 




Other interest 








Total deductions from gross corporate income 




67 630 38 








Net corporate loss 


63 138 31 








Balance for year carried forward to Dr. of profit and loss 


63 138 31 


Balance debit June 30, 1907.-. _ 




85 924 97 








Balance debit, June 30, 1908, to "General Balance Sheet" 


149 063 28 









*Gross income from lease of road is included in operating income of Southern Railway Co. 



312 



N. C. CORPORATION COMMISSION. 



CAPITAL STOCK. 



Capital stock 

Funded debt 

Capital stock per mile (41.00 miles) 
Funded debt per mile (41.00 miles). 

Cost of road 

Cost of road per mile 

Current liabilities — balance 



625,000.00 
1,188,800.00 
15,244.00 
28,995.00 
1,240,000.00 
30,244.00 
84,773.15 



COMPARATIVE GENERAL BALANCE SHEET. 



June 30, 1907. 


ASSETS. 


June 30, 1908. 


Year Ending June 30, 1908. 


Total. 


Total. 


Increase. 


Decrease. 


$ 1,240,000.00 
518,734.68 




$ 1,240,000.00 

518,734.68 
149,063.28 


$ 


$ 


Funded arrears of interest sus- 
pended 






85,924.97 


Profit and loss 


63,138.31 




Grand total 




1,844,659.65 


1,907,797.96 


63,138.31 




LIABILITIES. 

Capital stock 




625,000.00 
615 000 00 


625,000.00 

1,188,799.81 

84,773.15 

9,225.00 






Funded debt 


573,799.81 




595,434.65 
9,225.00 


Current liabilities 


510,661.50 


Accrued interest on funded debt 

nnt, vpt navablp 








Grand total 






1,844,659.65 


1,907,797.96 


63.138.31 









ABERDEEN AND xlSHBOEO RAILROAD COMPANY. 



313 



MISCELLANEOUS RAILROADS. 



Aberdeen and Ashboro Railroad Company. 



OFFICERS. 



Title. 

President, General Freight and Passenger 
Agent 

Vice-President and General Manager 

Secretary and Treasurer 

Attorney 

Auditor 

Assistant Auditor 



Name. 



Location of Office. 



Henry A. Page 

J. R. Page 

Mary E. Page- 
W. J. Adams _ . 
Frank Page___ 
John K. Wood 



Aberdeen, N. C. 
Biscoe, N. C. 
Aberdeen, N. C. 
Carthage, N. C. 
Biscoe, N. C. 
Biscoe, N. C. 



DIRECTORS. 

Henry A. Page, Aberdeen, N C; Robert N. Page, J. R. Page, Frank Page, Biscoe, N. C; 
W. H. Page, New York, N. Y.; Mary E. Page, Emma C. Page, Aberdeen, N. C. 



PROPERTY OPERATED. 



Aberdeen and Ashboro — from Aberdeen to Ashboro, N. C. (miles) 

Aberdeen and Ashboro — Biscoe to Mt. Gilead (miles) 

Aberdeen and Ashboro — West End to Jackson Springs (miles) 

Carthage and Pinehurst — Carthage to Pinehurst (miles) 

Total (miles) 

CAPITAL STOCK. 

• 
Capital stock — common — number of shares authorized 

Par value of shares 

Total amount issued and outstanding 

Dividends declared during the year 

Capital stock per mile (82.00 miles) 

Funded debt— 1890-1910 

Interest accrued and paid during year 

Bonds per mile (82.00 miles) 

Current assets 



56.00 

22.00 

4.00 

12.00 



94.00 



6,700 

100.00 

270,000.00 

15,600.00 

3,292.68 

80,000.00 

4,800.00 

975.61 

8,500.00 



314 



N. C. CORPORATION COMMISSIOT^. 



INCOME ACCOUNT. 



Operating revenues 


$ 166,184 90 




Operating expenses 


143,961.15 








Net operating revenue . . _ 




$ 22 223 75 


Taxes accrued 




2,747 46 








Operating income . . _ - _ 


19,476 29 


Deductions — 






Rents accrued for lease of other roads 


1,125.00 




Interest accrued on funded debt 


4,800.00 








Total deductions from income- _. 




5,925.00 








Net corporate income . .. _ _ _ 


13,551.29 


Dividends declared — 6 per cent, on common stock 




15,600.00 








Balance for year to profit and loss 


2 048 71 









OPERATING REVENUES. 






Freight revenue 


$ 


123,439 59 






Passenger revenue 




36,284 82 


Mail revenue 


3,841.08 
2,619 41 


Express revenue 






Total passenger service train revenues 




42,745 31 






Total operating revenues 




166,184 90 







OPEBATING EXPENSES 

Maintenance of way and structures 

Maintenance of equipment 

Traffic expenses 

Transportation expenses 

General expenses 

Total operating expenses 



$ 39,030.64 
15,633.17 
13,542.16 
61,446.38 
14,308.80 



143,961.15 



ABERDEEN AND iiOCKFISH EAILEOAD COMPANY. 



315 



Aberdeen and Rockfish Railroad Company. 

OFFICERS. 



Title. 


Name 


Location of Office. 


President 


John Blue 

W. A. Blue - - - 


Aberdeen, N. C. 




Aberdeen, N. C. 


Attorney or General Counselor - 

Auditor 


U. L. Spence 

J. W. Phillips 

C. N. Blue 


Carthage, N. C. 
Aberdeen, N. C. 


General Superintendent 


Aberdeen, N. C 







DIRECTORS. 

John Blue, C. N. Blue, W. A. Blue, Aberdeen, N. C; J. A. Blue, Raeford, N. C; R. N. Page, 
Biscoe, N. C; J. A. McKeithan, Aberdeen, N. C; N. A. McKeithan, Carthage, N. C. 



PROPERTY OWNED. 



Aberdeen and Rockfish Railroad from Aberdeen to Hope Mills (miles) 

Aberdeen and Rockfish Railroad from Junction to Endon (miles) 


39.50 
10.00 


Total _. - _ ------ . _ _ _ 


49.50 







CAPITAL STOCK. 



Capital stock 

Capital stock per mile 

Funded debt* 

Funded debt per mile 

Balance current liabilities 

Cost of road 

Cost of equipment 

General expenditures 

Materials and suppHes on hand- 

*Rate of interest, 6 per cent 



100,000.00 

2,020.00 

80,000.00 

1,616.00 

10,608.75 

151,031.96 

41,930.89 

1,730,73 

1,000.00 



316 



]^. C. CORPORATION COMMISSION. 



INCOME ACCOUNT. 



Operating revenues. _ 


66,039.11 
49,176.16 




Operating expenses . _ 








Net operating revenues 




$ 16,862 95 


Taxes accrued. - _ 




2,291 87 








Gross corporate income 


14 571 08 


Deductions — - 

Interest accrued on funded debt _ 


4,800.00 
73.40 




Other interest _ _ 








Total deductions 




4 873 40 








Net corporate income. . _ 


9 697 68 


Additions and betterments ciiarged to income 




284 88 








Balance for year. _ ._ 


9,412 80 


Balance June 30, 1907 ... .. . . __ _. _ 




16,546 20 








Total - - - - -- -.-__-__ 


25,959 00 


Deductions for year 




22,474.17 








Balance credit June 30, 1908- . - __ 


3,484.83 









OPERATING REVENUES. 



Freight revenues 

Passenger revenues 

Mail revenues 

Express revenues 

Miscellaneous revenues 

Total revenues from transportation 



50,593.49 



13,441.69 

1,562.15 

245.17 

196.61 



66,039.11 



OPERATING EXPENSES 

Maintenance of way and structures 

Maintenance of equipment 

Traffic and transportation expenses 

General expenses 

Total operating expenses 



9,129.35 
9,287.42 
20,927.95 
9,831.44 



49,176.16 



ALMA RAILWAY COMPANY. 



317 



Alma Railway Company. 



OFFICERS. 



Title. 


Name. 


Location of Office. 


President 


A. J. McKinnon 

C. J. Cottingham 

C. J. Cottingham 


Alma, N. C. 


General Manager or Superintendent 

Secretary and Treasurer 


Alma, N. C. 
Alma, N. C. 



DIRECTORS. 

A. J. McKinnon, P. A. Fore, C. J. Cottingham. 



PROPERTY OPERATED. 



Sandy (Alma) N. C, to Logging Camp (miles). 



10.50 



INCOME ACCOUNT. 



Freight earnings 

Operating expenses. 



I 4,904.41 

6.159.60 



Employees, 16. 

Road is operated in connection with logging department of the Alma Lumber Co., Inc. 



318 



]^. C. CORPORATION COMMISSION. 



Asheville and Craggy Mountain Railway Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President- 


J. F. Havs 


Asheville, N. C. 


Treasurer 


H. C. Ansley 

R. D. Lankford. . 


Washington, D. C. 


Secretary _ _ _ _ 


New York, N. Y. 


Auditor - 




A. H. Plant- . -_ 


Washington, D. C. 









DIRECTORS. 

A. B. Andrews, Raleigh, N. C; J. F. Hays, Asheville, N. C; R. D. Lankford, New York, 
N. Y.; C. E. A. McCarthy, New York, N. Y.; W. S. Townsend, New York, N. Y. 



PROPERTY OPERATED. 



Craggy, N. C, to Burnsville Road, N. C. (miles). 



2.26 



CAPITAL STOCK, ETC 

Capital stock 

Capital stock, per mile 

Cost of road 

Cost of road, per mile 

Cost of equipment 

Cost of equipment, per mile 

Cost of road and equipment, per mile-- 

Freight earnings 

Gross earnings 

Gross earnings, per mile- -- 

Operating expenses 

Operating expenses, per mile 

Taxes paid. North Carolina 



24,200.00 

10,708.00 

16,567.43 

7,330.72 

5,100.00 

2,256.63 

9,587.35 

1,120.00 

1,120.00 

495.58 

2,892.06 

1,279.67 

106.78 



ATLAT^TIC AND NORTH CAROLINA RAILROAD COMPANY. 



319 



Atlantic and North Carolina Railroad Company. 

(FINANCIAL REPORT). 
Opeeating Revenues Included in Report of Norfolk and Southern Railroad Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President 

Secretary and Treasurer 

General Counsel 


J. W. Grainger 

D. J. Broadhurst 

P. M. Pearsall 

M. L. Willis 


Kinston, N. C. 
Goldsboro, N. C. 
New Bern, N. C. 


Auditor _ _ 


Morehead City, N. C. 









DIRECTORS. 

J. W. Grainger, Kinston, N. C; L. P. Tapp, Kinston, N. C; W. D. Creech, Goldsboro, N. C; 
D. B. Hooker, Bayboro, N. C; W. H. Bagley, Raleigh, N. C; C. M. Busbee, Raleigh, N. C; W. S. 
Chadwick, Beaufort, N. C; E. C. Duncan, Raleigh, N. C; Dempsey Wood, Falling Creek, N.C.; 
C. E. Foy, New Bern, N. C; Henry Weil, Goldsboro, N. C ; L. G. Daniels, New Bern, N. C. Ex- 
piration of terra, August 13, 1908. 



ROAD OPERATED-EntIre Line. 



Atlantic and North Carolina Railroad from Goldsboro to Morehead City (miles).. 



94.71 



RECAPITULATION OF CAPITALIZATION. 



Account. 


Total 

Par Value 

Outstanding. 


Assignment 
to Railways. 


Amount per Mile of Line. 


Miles. 


Amount. 


Capital stock 


$ 1,797,200 
325,000 


$ 1,797,200 
325,000 


94.71 
94.71 


$ 18 976 


Funded debt 


3 431 






Total 


2,122,200 


2,122,200 




22,407 









320 



N". 



COEPOEATION COMMISSION. 



CURRENT ASSETS AND LIABILITIES. 



CASH AND CURRENT ASSETS. 






Cash 


$ 


2,095 93 






Total — cash and current assets _ 




2,095.93 


Balance — current liabilities 




1,270.55 






Total 




3,366.48 


CURRENT LIABILITIES. 






Audited vouchers and accounts 




171.86 


Wages and salaries 




507.87 


Dividends not called for 




2,686.75 






Total — current liabihties .__ ._ __ _ _ 




3,366.48 







Cost of road, $2,122,200. 



INCOME ACCOUNT. 



Gross income from lease of road _ 


$- 


$ 74,956.00 




Salaries and maintenance of organization 


489.65 










Net income from lease of road 


74,466.35 




Gross corporate income 




$ 74,466.35 


Deductions from Gross Corporate Income — 
Interest accrued on funded debt 




19,500.00 
1,540.00 




Other deductions 












Total deductions from gross corporate income 




21,040.00 










Net corporate income 


53,426.35 


Disposition of Net Corporate Income — 
On common stock: 

H per cent, payable July 1, 1907 


26,958.00 
26,958.00 


53,916.00 




Ih per cent, payable January 1, 1908 








Total 














53,916.00 
640.00 
140.90 




Miscellaneous 










54,696.90 






Balance for year carried forward to Dr. of profit 


1,270.55 











ATLANTIC AND WESTERN RAILEOAD COMPANY. 



821 



Atlantic and Western Railroad Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 




John H. Winder 

H. P. Edwards 

F. G. Hatton 

H. P. Edwards 


Roanoke, Va. 


General Manager or Superintendent 

Secretary and Treasurer 

Traffic Manager 


Sanford, N. C. 
Roanoke, Va. 
Sanford, N. C. 



DIRECTORS. 

JohnH. Winder, Roanoke, Va.; F. G. Hatton, Roanoke, Va.; G. A. Fairbanks, Columbus, O.; 
H. P. Edwards, Sanford, N. C; R. E. Carrington, Sanford, N. C. 



PROPERTY OPERATED. 



Sanford, N. C, to Broadway, N. C. (miles) 



9.00 



CAPITAL STOCK. ETC 

Capital stock 

Capital stock, per mile 

Funded debt 

Funded debt, per mile 

Cost of road 

Cost of road, per mile 

Cost of equipment 

Cost of equipment, per mile 

Cost of road and equipment, per mile 

Freight earnings 

Passenger earnings 

Gross earnings 

Gross earnings, per mile 

Operating expenses 

Operating expenses, per mile 

Taxes paid, North Carolina 

Employees, 10. 
Corp. 2 21 



53,400.00 

5,933.00 

2,300.00 

255.55 

47,580.80 
5,286.75 
8,595.45 
955.05 
6,241.80 
9,326.97 
1,800.29 

13,240.84 
1,471.20 

11,466.92 

1,274.10 

205.91 



322 



N. C. CORPORATIOIvr COMMISSION. 



Bee Tree Railroad Company. 



OFFICERS. 



Title. 


Name. 


Location of Office. 


President 

Vice-President and General Manager 

Secretary and Treasurer - . 


J. S. Bailey 

S. F. Chapman 

S. F. Chapman _ 


Waycross, Ga. 
Swannanoa, N. C. 
Swannanoa, N. C. 


Traffic Manager 


W. G. Taylor 


Swannanoa, N. C. 



DIRECTORS. 

J. S. Bailey, Waycross, Ga.; S. F. Chapman, Swannanoa, N. C; J. S. Adams, Asheville, N. C. 



PROPERTY OPERATED. 



Swannanoa Jet. to Wolf Branch (miles). 



7.75 



CAPITAL STOCK, ETC. 



Capital stock 

Capital stock, per mile 

Funded debt* 

Funded debt, per mile 

Cost of road 

Cost of road, per mile 

Cost of equipment 

Cost of equipment, per mile 

Cost of road and equipment, per mile 

Freight earnings 

Gross earnings 

Gross earnings, per mile 

Operating expenses 

Operating expenses, per mile 

Taxes paid, North Carolina 



40,000.00 

516.13 

87,000.00 

1,122.59 

92,129.54 

11,887.69 

1,890.00 

243.80 

12.131.49 

7,030.02 

7,030.02 

907.10 

6,651.66 

858.28 

38.75 



Employees, 5. 

♦Jointly secured with Craggy Lumber Co. 



CALDWELL AND N^OBTHERN RAILROAD COMPANY. 



323 



Caldwell and Northern Railroad Company. 



OFFICERS. 



Title. 



Name. 



Location of Office. 



President and Chairman of the Board 

Secretary 

Treasurer 

Attorney or General Counsel 

Auditor, Acting 

General Manager 

General Freight Agent 

General Passeng^ Agent :__ 



Wm. A. Barber. 

E. R. Norris_._ 

F. Wolfe 

J. H. Marion __ 
M. G. Upchurch 
L. T. Nichols., 

E. F. Reid 

E. F. Reid 



New York, N. Y. 
New York, N. Y. 
Chester, S. C. 
Chester, S. C. 
Chester, S. C. 
Chester, S. C. 
Chester, S. C. 
Chester, S. C. 



Wm. A. Barber, New York, N. Y 
New York, N. Y.; J. R. Erwin, Lenoir, N. C 



DIRECTORS. 

Jas. B. Handy, New York, N. Y.; William 'SI. Williams, 



ROAD OPERATED, CAPITAL STOCK, EARNINGS, ETC. 



Lenoir to Edgemont, N. C. (miles). 

Capital stock 

Funded debt 

Cost of road 

Cost of equipment 

Current liabilities — balance 

Operating revenue 

Miscellaneous income 

Operating expenses 

Interest on funded debt 

Other deductions 

Taxes 

Passenger revenue 

Freight revenue 

Revenues other than transportation 



23.50 

89,200.00 

53,700.00 

664,140.41 

33,950.00 

71,190.89 

35,881.74 

788.90 

40,138.06 

11,202.50 

1,146.14 

900.00 

3,782,22 

31,826.37 

273.15 



324 



N. C. COBPOEATION COMMISSIOlSr. 



Carolina and Northwestern Railway Company. 

OFFICERS. 



Title. 



Name. 



Location of Office. 



Chairman of the Board 

President 

Secretary 

Treasurer 

General Counsel 

Auditor, Acting 

General Manager 

Superintendent of Telegraph 

General Freight and Passenger Agent _ 



W. A. Barber __ 
W. A. Barber ^- 
J. J. McClure_- 

F. Wolfe 

J. H. Marion __ 
M. G. Upchurch 
L. T. Nichols.. 
L. J. Maxwell.. 
E. F. Reid 



New York, N. Y. 
New York, N. Y. 
Chester, S. C. 
Chester, S. C. 
Chester, S. C. 
Chester, S. C. 
Chester, S. C. 
Richmond, Va. 
Chester, S. C. 



DIRECTORS. 

F. H. White, Chester, S. C; J. H. Marion, Chester, S. C; J. F. Wallace, Yorkville, S. C; 
George A. Gray, Gastonia, N. C; J. A. Martin, Hickory, N. C; John F. Love, Gastonia, N. C; 
Samuel Hardin, Lowrysville, S. C. 



PROPERTY OPERATED. 



Carolina and Northwestern Railway, from N. C. State Line to Lenoir, N. C, 
including 9.20 miles Newton to Hickory (miles) 

Entire line — Chester, S. C, to Lenoir, N. C. (miles) 

Southern Railway — Trackage rights, Newton to Hickory 



63.80 

100.80 

9.20 



CAPITAL STOCK— FUNDED DEBT. 



Capital stock . 

Funded debt 

Capital stock, per mile 

Bonds, per mile 

Mileage 

Cost of road, equipment, etc., to June 30, 1908 — entire line 

Cost of road, equipment, etc., to June 30, 1908 — North Carolina 

Cost of equipment to June 30, 1908 — entire line 

Taxes paid. North Carolina 

Taxes paid. South Carolina 



1,404,250.00 

1,534,800.00 

13,931.00 

15,226.00 

• 100.80 

2,947,319.80 

1,964,879.86 

160,995.32 

6,633.02 

3,366.98 



CAROLINA AND NORTHWESTERN RAILWAY COMPANY. 



825 



CURRENT ASSETS AND LIABILITIES. 



Cash 

Bills receivable 

Due from agents 

Due from solvent companies and individuals. 

Remittances in transit 

Total — cash and current assets 

LIABILITIES. 

Loans and bills payable 

Audited vouchers and accounts 

Wages and salaries 

Traffic balances due to other companies 

Replacement reserve on equipment 

Taxes 

Building and Loan Association obligations ._ 

Interest 

Total — current liabilities 

Balance — cash assets 

Total 



Amount. 



$ 1,045.29 

41,096.57 

4,046.10 

121,934.58 

10,853.48 



178,976.02 



24,000.00 
26,998.22 

8,663.01 
10,704.00 
10,540.92 

3,358.86 

420.00 

18,200.00 



102,885.01 
76,091.01 



178,976.02 



INCOME ACCOUNT— Entire Line. 



Operating revenue 


$ 313,252.90 
221,503.08 












Net revenue 




$ 91 749 82 


Miscellaneous income 




71 58 








Total income 


91 821 40 


Deductions from Income — 

Interest on funded debt accrued _ . _ 


76,516.37 

1,323.68 

10,000.00 

15,059.70 




Other deductions, . 




Taxes 




Hire of equipment and joint facilities . _. 








Total deductions from income _ _ 




102,899 75 








Net corporate loss _... _ . _. 


11,078 35 


Surplus on June 30, 1907 .. _ . _..._. 




124,579 44 


Deductions for year _. _ 




1,036 S6 


Additions for year. . ._ ... _. ^ 




643 36 


Balance credit June 30, 1908... ... . 




113,107 59 









326 



TvT. C. CORPORATION COMMISSION. 



OPERATING EXPENSES 

Operating Expenses — Entire Line — 

Maintenance of way and structures 

Maintenance of equipment 

Traffic expenses 

Transportation expenses 

General expenses 

Grand total 

Operating Expenses — State of North Carolina — 

Maintenance of way and structures 

Maintenance of equipment 

Traffic expenses 

Transportation expenses 

General expenses 

Total 

Ratio of operating expenses to operating revenues 



$ 49,724.17 


34,607.68 


5,366.11 


108,415.83 


23,389.29 


221,503.08 


33,149.44 


23,071.79 


3,577.41 


72,277.22 


15,592.86 


147,668.72 


72.94 



COMPARATIVE GENENAL BALANCE SHEET. 



June 30, 1907. 


assets. 


June 30, 1908. 


Year Ending June 30, 1908. 


Total. 


Total. 


Increase. 


Decrease. 


$ 2,776,955.24 


Cost of road 


$ 2,786,324.48 
160,995.32 
178,976.02 

28,746.78 


$ 9,369.24 
31,170.32 
8,692.67 


$ 


129,825.00 


Cost of equipment 




170,283.35 


Cash and current assets 




32,547.34 


other assets. 
Materials and supplies 


3,800.56 




Grand total _ 






3,109,610.93 


3,155,042.60 


49,232.23 


3,800.56 




liabilities. 
Capital stock 




1 404 250 00 


1,404,250.00 

1,534,800.00 

102,885.01 

113,107.59 






1,528 700 00 


Funded debt 


6,100.00 
50,803.52 




52 081 49 


Current liabilities 

Profit and loss 

Grand total 




124,579 44 


11,471.85 








3,109,610.93 


3,155,042.60 


56,903.52 


11,471.85 



CAKOLINA AND NORTHWESTERN RAILWAY COMPANY. 



327 



TRAFFIC AND MILEAGE STATISTICS— Entire Une. 



Item. 



Column for 
Number 

Passengers, 

Tonnage, 

etc. 



Columns for Revenue 
and Rates. 



Passenger Traffic — 

Number of passengers carried earning revenue. _ 

Number of passengers parried one mile 

Number of passengers carried one mile per mile 

of road 

Average distance carried — miles 

Total passenger revenue 

Average amount received from each passenger. - 

Average receipts per passenger per mile 

Total passenger service train revenue 

Passenger service train revenue per mile of road. 
Passenger service train revenue per train mile.- 

Freight Traffic — 

Number of tons carried of freight earning revenue 

Number of tons carried one mile 

Number of tons carried one mile per mile of road. 

Average distance haul of one ton — miles 

Total freight revenue 

Average amount received for each ton of freight. 

Average receipts per ton per mile 

Freight revenue per mile of road 

Freight revenue per train mile 

Total Traffic — 

Operating revenues 

Operating revenues per mile of road 

Operating revenues per train mile 

Operating expenses 

Operating expenses per mile of road 

Operating expenses per train mile 

Net operating revenue . — 

Net operating revenue per mile of road 

Average number of passengers per car mile 

Average number of passengers per train mile 

Average number of passenger cars per train mile. 
Average number of tons of freight per loaded 

car mile 

Average number of tons of freight per train mile- 
Average number of freight cars per train mile.- 
Average number of loaded cars per train mile.- 
Average number of empty cars per train mile.. 
Average mileage operated during year 



164,317 
2,619,454 



23,813 
15.94 



187,297 
5,115,055 
46,500 
27.30 



25 
3.16 

12.84 

60.20 

6.96 

4.68 

1.59 

110.00 



Dollars. 



73,250 



87,069 
791 



222,812 
1 



2,025 

2 

313,252 

2,847 

1 

221,503 

2,013 

1 

91,749 

834 



Cts. 



75 



328 



N". C. CORPORATION COMMISSION. 



FREIGHT TRAFFIC MOVEMENT— State of North Carolina. 



Commodity. 


Freight 

Originating 

on this 

Road. 


Freight 

Received 

from 

Connecting 

Roads and 

Other 

Carriers. 


Total Freight Tonnage. 


Products of Agriculture — 
Grain - - 


Whole Tons. 

313 

362 

1,353 

65 

12 

2,098 

700 


Whole Tons. 

2,739 

1,662 

1,780 

543 

60 

3,380 

541 


Whole Tons. 
3,052 
2,024 
3,133 

608 

72 

5,478 

1,241 


Per Cent. 
2 44 


Flour - . - - 


1 62 


Other mill products 


2 50 


Hay - - --- -- -- 


49 




06 


Cotton - 


4 39 


Fruit and vegetables 


1 00 






Total 


4,903 


10,705 


15,608 


12 50 






Products of Animals — 
Live stock 


194 

87 
87 
5 


208 

314 

304 

30 

1 
9 


402 
401 
391 

35 
1 

33 


.32 




.32 


Other packing-house products 


.31 
.03 


Wool 






24 


.03 






Total -- - 


397 


866 


1,263 


1.01 






Products of Mines — 


651 


36,950 
18 


37,601 

10 
610 
392 


30.12 


Coke - - - 


.01 


Ores 


10 
56 
30 


.01 


Stone, sand and other like articles 


554 

362 


.49 
.31 






Total - 


747 


37,884 


38,631 


30.94 






Products of Forests — 
Lumber 


14,120 

3,878 


17,089 
4,270 


31,209 
8,148 


25.00 




6.52 






Total 


17,998 


21,359 


39,357 


31.52 






Manu fa ctures — 


164 
103 

61 
135 

60 
297 


731 
448 

6,418 
193 
230 

1,672 


895 
551 

6,479 
328 
290 

1,969 


.72 


Sugar 


.45 


Naval stores 


5.13 




.27 


Iron and steel rails _ - . _ _ 


.24 


Other castings and machinery 


1.58 



CAROLINA AND NORTHWESTERN RAILWAY COMPANY. 



329 



FREIGHT TRAFFIC MOVEMENT— State of North Carolina— Continued. 



Commodity. 


Freight 

Originating 

on this 

Road. 


Freight 

Received 

from 

Connecting 

Roads and 

Other 

Carriers. 


Total Freight Tonnage. 


Manufactures— Conifinwed — 


Whole Tons. 

11 

1,635 

25 

281 

17 

1,571 

4,124 


Whole Tons. 

1 

2,343 

75 
286 

20 
390 

48 


Whole Tons. 

12 

3,978 

100 

567 

37 

1,961 

4,172 


Per Cent. 
.01 


Cement, brick and lime 


3.19 




.08 




.46 


Wines liquors and beers 


.03 


Household goods and furniture 

Other manufactures 


1.58 
3 35 






Total 


8,484 


12,855 


21,339 


17.09 


Merchandise 


1,955 
2,556 


2,256 
1,904 


4,211 
4,460 


3 37 


Miscellaneous — 

Other commodities not mentioned 
above 


3 57 






Total tonnage — State 


37,040 


87,829 


124,869 


100 00 






Total tonnage — Entire line 


55,555 


131,742 


187,297 


100.00 



330 



N. C. CORPORATION COMMISSION. 



Carolina, Clinchfield and Ohio Railway. 



Three Months Ending June 30, U 
OFFICERS. 



Title. 


Name. 


Location of Office. 


Chairman of the Board 

President 


Mark W. Potter 

Geo. L. Carter 


New York, N. Y. 
Johnson City Tenn. 


First Vice-President 

Second Vice-President 

Secretary and Treasurer 

General Counsel 

Comptroller 

Auditor of Disbursements 

General Manager 

Acting General Freight Agent 


Archer A. Phlegar 

M. J. Caples 

J. C. Stone 

J. Norment Powell 

I. McQuilkin 

Jno. A. Muse 

M. J. Caples 

Jno. A. Muse 

Jno. A. Muse 


Bristol, Va. 
Johnson City, Tenn 
Johnson City, Tenn. 
Johnson City, Tenn. 
Johnson City, Tenn. 
Johnson City, Tenn. 
Johnson City, Tenn. 
Johnson City, Tenn. 


Acting General Passenger Agent 


Johnson City, Tenn. 







DIRECTORS. 

Mark W. Potter, New York, N. Y.; Geo. L. Carter, Johnson City, Tenn.; Archer A. Phlegar, 
Bristol, Va.; H. Ray Dennis, New York, N. Y.; H. G. Morrison, Johnson City, Tenn.; W. W. 
Belew, Johnson City, Tenn.; W. H. Robertson, Johnson City, Tenn. 



ROAD OPERATED— Entire Line. 





p 

Termini. 


Miles of 

Line tor 

Each Road 

Named. 


Miles of 
Line for 


Name. 


From — 


To— 


Each Class 
of Roads 

Named. 


1. — Carolina, Clinch- 
field and Ohio Rail- 
way 


Dante Va. 


Fink, Va. 


8.00 
67.60 




Johnson City, Tenn... 


Altapass, N. C 




Total 




75.60 













331 



CAPITAL STOCK. 



Description. 


Number of 

Shares 
Authorized. 


Par Value 

of 
One Share. 


Total Par 

Value 
Authorized. 


Total Par 
Value 
Out- 
standing. 


Total Par 
Value Not 
Held by 
Respondent 
Corpora- 
tion. 


Capital stock — Common _ . _ 
Preferred 


$ 120,000 
150,000 


$ 100.00 
100.00 


$ 12,000,000 
15,000,000 


$ 12,000,000 
15,000,000 


$ 12,000,000 
15,000,000 


Total 


270,000 




27,000,000 


27,000,000 


27,000,000 



Purpose of the Issue. 


Number of 
Shares Issued 
During Year. 


Total 

Number of 

Shares 

Outstanding. 


Total Cash 
Realized. 






100 

91,500 
150,000 

28,400 


$ 10,000 


Issued for construction of new properties — 


54,000 
150,000 

28,400 




Preferred 




Issued for purchase of railway or other property — 
Common 








Total 


232,400 


270,000 


10,000 







RECAPITULATION OF CAPITALIZATION. 



Account. 


Total 

Par Value 

Outstanding. 


Assignment 

to 
Railways. 


Amount 
Per Mile of Line. 




Miles. 


Amount. 


Capital stock 

Funded debt . 


$ 27,000,000 
3,200,000 


$ 27,000,000 
3,200,000 


75.60 
75.60 


$ 357,143.00 
42,328.00 






Total 


30,200,000 


30,200,000 


75.60 


399,471.00 



332 



N. C. CORPORATION COMMISSION. 



CURRENT ASSETS AND LIABILITIES. 



CASH AND CURRENT ASSETS. 

Cash 

Bills receivable 

Due from agents 

Due from solvent companies and individuals 

Traffic balances due from other companies ^ . _ 

Other cash assets (excluding "materials and supplies"*) 

Total — Cash and current assets 

CURRENT LIABILITIES ACCRUED. 

Loans and bills payable 

Audited vouchers and accounts 

Wages and salaries 

Traffic balances due to other companies 

Matured interest coupons unpaid (including coupons due July 1) 

Miscellaneous ._ 

Total — Current liabilities 

Balance — Cash assets 

Total : 



2,546.86 

300,000.00 

4,138.21 

71,108.04 

1,742.70 

16,361.75 



395,897.56 


300,889.57 


12,874.42 


6,750.85 


572.20 


14,350.00 


5,835.83 


341,272.87 


54, 624 .'69 



395,897.56 



*Materials and supplies on hand, $20,440.45. 



EXPENDITURES FOR EQUIPMENT, GENERAL EXPENDITURES AND RECAPITULATION. 



Account. 


Expenditures 
for New Lines 
or Extensions 
During Three 

Months 

Charged to 

Capital. 


Total Cost to 
March 31, 1907. 


Total Cost to 
June 30, 1908. 


Equipment — 

Steam locomotives 


$ 40,373.25 
34,046.33 

201,884.87 


$ 


$ 40,373 25 


Passenger train cars 




34,046 33 


Freight train cars 




201,884 87 








Total 


276,304.45 




276 304 45 








Recapitulation — 
Road 


1,380,133.83 
276,304.45 


61,552.63 


1,441 686 46 


Equipment > 


276,304 45 








Total — Entire line 


1,656,438.28 


61,552.63 


1,717,990 91 






Cost of road per mile of line 






19,069 92 


Cost of equipment per mile of line 






3,654 82 










Total per mile of line 






22,724.74 











INCOME ACCOUNT. 



333 



Operating Income — 
Rail operations: 


$ 35,838.08 
34,751.18 


$ 1,086.90 
























Total net revenue _ . _ . 


1,086.90 
365.91 




Taxes accrued _ _ . 
















$ 720.99 


Other Income — 

Hire of equipment — balance 

Miscellaneous rents 


2,153.43 
15.79 


2,169.22 
4,500.00 








Separately operated properties — profit: 

Interest accrued on funded debt owned or 
controlled 












Total other income 




6,669.22 










Gross corporate income 


7,390.21 


Deductions from Gross Corporate Income — 
Rents accrued for lease of other roads 




416.65 

38,333.33 

20,745.63 

3,234.09 




Interest accrued on funded debt 






Other interest 






Other deductions __ 












Total deductions from gross corporate 
income. 




62,729.70 










Net corporate loss 


55,339.49 










Balance for year carried forward to Dr. 
of profit and loss 


55,339.49 











334 



N. C. CORPOUATIOT^ COMMISSIO]^^. 



PROFIT AND LOSS ACCOUNT. 



CREDIT. 

Balance, April 1, 1908 

Additions for Year — 

Excess in inventory of material and supplies in storehouse as of June 30 
1908 - 

To t al 

DEBIT. 

Balance for year brought forward from income account 

Deductions for Year — 

Accounts uncollectible and charged off 

Balance credit June 30, 1908, carried to balance sheet 

Total 



$ 73,034.32 


.6,932.39 


79,966.71 


55,339.49 


11.03 


24,616.19 


79,966.71 



OPERATING REVENUES— State of North Carolina. 



Account 



Total 
Revenues. 



Revenue from Transportation — 

Freight revenue - 

Passenger revenue 

Excess baggage revenue 

Mail revenue 

Express revenue 

Total passenger service train revenue 

Total revenue from transportation 

Revenue from Operations other than Transportation— 

Station and train privileges 

Storage — freight 

Car service 

Miscellaneous .._ 

Total revenue from operations other than transportation 

Total operating revenues — State 

Total operating revenues — Entire line 



8,235.25 



4,063.01 


70.08 


400.88 


277.73 


4,811.70 


13,046.95 


175.24 


6.79 


17.00 


20.07 


219.10 


13,266.05 



35,838. 



CAROLINA, CLINCHFIELD AND OHIO RAILWAY. 



335 



OPERATING EXPENSES— Entire Line. 



Maintenance of Way and Structures — 

Superintendence 

Maintenance of roadway and track 

Maintenance of track structures 

Maintenance of buildings, docks and wharves 

Work equipment — repairs ___>_. 

Injuries to persons 

Other maintenance of way and structures expenses, Cr 
Total — Maintenance of way and structures 

Maintenance of Equipment — 

• Superintendence 

Locomotives — repairs 

Revenue cars — repairs 

Revenue equipment — depreciation 

Injuries to persons -• 

Insurance 

Other maintenance of equipment expenses 

Equipment borrowed — Dr 

Equipment loaned — Cr 

Total — Maintenance of equipment 

Traffic Expenses — 

Traffic expenses (excluding insurance) 

Total — Traffic expenses 

Transportation Expenses — 

Superintendence and dispatching trains 1 

Station service 

Operating joint yards and terminals — Dr 

Road enginemen and motormen 

Fuel for road locomotives 

Other road locomotive supplies and expenses 

Road trainmen 

Train supplies and expenses 





Amount. 


oSd 

11^ 


Ratio to 
Total Oper- 
ating Expen- 
ses, Per Cent. 


$ 


843.75 


9.55 


2.43 




7,136.83 


80.76 


20.53 




643.41 


7.28 


1.85 




110.06 


1.25 


.32 




45.10 


.51 


.13 




66.00 


.75 


.19 




9.13 


.10 


.03 


8,836.02 


100.00 


25.42 




383.25 


5.03 


1.10 




923.26 


12.13 


2.65 




2,634.03 


34.61 


7.59 




3,711.64 


48.78 


10.68 




66.00 


.87 


.19 




200.00 


2.63 


.58 




880.31 


11.56 


2.53 




1,140.24 


14.98 


3.28 


— 


2,328.08 


30.59 


6.70 


7,610.65 


100.00 


21.90 


731'. 53 


100.00 


2.10 


731.53 


100.00 


2.10 




1,304.39 


10.91 


3.77 




2,609.76 


21.86 


7.51 




243.44 


2.04 


.70 




1,339.88 


11.20 


3.86 




1,805.46 


15.10 


5.19 




688.42 


5.76 


1.99 




1,745.80 


14.60 


5.02 




150.92 


1.26 


.43 



336 



N. C. CORPORATION COMMISSION. 



OPERATING EXPENSES— Entire Line— Continued. 



Account. 


Amount. 




Ratio to 
Total Oper- 
ating Expen- 
ses, Per Cent. 


Transportation Expenses — Continued — 

Injuries to persons . _ 


$ 247.50 
502.58 
498.29 
816.50 


2.07 
4.20 

4.17 
6.83 


72 


Loss and damage 


1.44 


Other casualties _ _ _ ^ 


1 43 


All other transportation expenses 


2.35 


Total — Transportation expenses 


11,952.94 


100.00 


34.41 


General Expenses — 


4,334.67 
1,285.37 


77.12 
22.88 


12 48 




3 69 








5,620.04 

8,836.02 
7,610.65 
731.53 
11,952.94 
5,620.04 


100.00 


16 17 


Recapitulation of Expenses — Entire Line^ — 
Maintenance of way and structures 


25 42 


Maintenance of equipment 




21 90 


Traffic expenses 




2 10 


Transportation expenses 




34 41 


General expenses 




16 17 








Total operating expenses 


34,751.18 




100.00 








Operating Expenses — State of North Carolina — 
Maintenance of way and structures 


3,658.85 
4,714.40 
461.47 
6,141.74 
3,366.01 




19 95 


Maintenance of equipment 




25 70 


Traffic expenses 




2.52 


Transportation expenses 




33 48 


General expenses 




18 35 








Total operating expenses 


18,342.47 




100.00 








Ratio of operating expenses to operating revenues, 
138.27 per c^t. 









RECAPITULATION OF HIRE OF EQUIPMENT. 



Item. 


Amount Carried to Operating 

Expenses. 


Amount Carried to 
Income Account 


Equipment 
Borrowed— Dr. 


Equipment 
Loaned— Cr. 


Receiva- 
ble. 


Payable. 


Equipment interchanged ._ 


$ 1,140.24 


$ 2,328.08 


% 6,329.51 


% 2,988.24 






Total 






7,469.75 


5,316.32 


Balance 






2,153.43 













CAROLINA, CLIN^CPIFIELD AND OHIO RAILWAY. 



337 



COMPARATIVE GENERAL BALANCE SHEET. 



March 31, 1908. 



Total. 



June 30. 1908. 



Total. 



Three Months Ending 
June 30, 1908. 



Increase. 



Decrease. 



61,552.63 

4,979,875.00 
28,481.29 

3,943.46 
249.99 
945.23 



5,075,047.60 



3,760,000.00 

1,150,000.00 

2,554.94 

9,583.34 



79,875.00 



73,034.32 



5,075,047.60 



Cost of road 

Cost of equipment 

Other permanent investments 

Cash and current assets 

OTHER ASSETS. 

Materials and supplies 

Sundries 

Hire of equipment 

Grand total 

LIABILITIES. 

Capital stock 

Funded debt 

Current liabilities 



$ 1,441,686.46 

276,304.45 

29,994,000.00 

395,897.56 

20,440.45 
6.353.45 



$ 1,380,133.83 

276,304.45 

25,014,125.00 

367,416.27 

16, 496. 99 
6,103.46 



945.23 



32,134,682.37 



27,059,634.77 



Accrued interest on funded debt not 
yet payable 



Locomotive replacement 

Passenger train cars 

Freight train cars 

Cumberland Corporation 

Meadows Co. 

Stockholders S. & W. R. R. Co., N. C- 
Stockholders S. & W. R. R. Co., Tenn.- 

Profit and loss 

Grand total 



27,000,000.00 

3,200,000.00 

341,272.87 

62,500.00 

765.58 

132.57 

3,033.49 

1,172,361.67 

300,000.00 

29,000.00 

1,000.00 

24,616.19 



23,240,000.00 

2,050,000.00 

338, 717. 93 

52,916.66 

765.58 

132.57 

3,033.49 

1,092,486.67 

300,000.00 

29,000.00 

1,000.00 



32,134,682.37 



27,059,634.77 



48,418.13 



Corp. 2 22 



338 



N". C. CORPORATION" COMMISSION". 



EMPLOYEES AND SALARIES-Entire Line. 



Class. 



Number. 



Total 
Number 
of Days 
Worked. 



Total 

Compensation 

for Three 

Months. 



Average 

Dally 
Compen- 
sation. 



General officers 

Other officers 

General office clerks 

Station agents 

Other station men 

Enginemen 

Firemen 

Conductors 

Other trainmen 

Machinists 

Carpenters 

Other shopmen 

Section foremen 

Telegraph operators and dispatchers — 

All other employees and laborers 

Total (including General Officers). 

Less General Officers 

Total (excluding General Officers) 
Distribution of Above— 

Maintenance of way and structures- 
Maintenance of equipment 

Traffic expenses 

Transportation expenses 

General expenses 

Total (including General Officers)- 

Less General Officers 

Total (excluding General Officers) 



246 



238 



105 

36 

1 

56 

48 



246 



720 

182 

3,902 

1,611 

121 

352 

375 

319 

638 

611 

488 

915 

874 

91 

5,947 



$ 1,218.63 

975.00 

3,653.68 

2,508.98 

126.00 

1,042.50 

641. 11 

916.35 

1,016.03 

1,615.11 

1,173.26 

1,587.24 

1,567.50 

165.00 

5,850.72 



17,: 



24.057.11 
1,218.63 



16,426 



22,838.48 



6,821 
2,014 
91 
3,689 
4,531 



7,418.22 
4,375.61 
100.00 
7, 390. 97 
4,772.31 



17,146 
720 



24,057.11 
1,218.63 



1.69 
5.36 

.94 
1.56 
1.04 
2.96 
1.71 
2.87 
1.59 
2.64 
2.40 
1.73 
1.79 
1.81 

.98 



1.40 
1.69 
1.39 



238 



16,426 



22,838.48 



1.09 
2.17 
1.10 
2.00 
1.05 
1.40 
1.69 
1.39 



CAEOLINxV, CLIlSrCHFIELD AND OPTIO EAILWAY. 



;39 



TRAFFIC AND MILEAGE STATISTICS-Entire Line. 



Item. 



Column for 
Number 

Passengers, 

Tonnage, 

Etc. 



Columns for Revenue 
and Rates. 



Passenger Traffic— 

Number of passengers carried earning revenue 

Number of passengers carried one mile 

Number of passengers carried one mile per mile of 
road 

Average distance carried— miles 

Total passenger revenue 

Average amount received from each passenger 

Average receipts per passenger per mile 

Total passenger service train revenue 

Passenger service train revenue per mile of road -— 
Passenger service train revenue per train mile 

Freight Traffic— 

Number of tons carried of freight earning revenue- 
Number of tons carried one mile 

Number of tons carried one mile per mile of road-— 

Average distance haul of one ton— miles 

Total freight revenue 

Average amount received for each ton of freight-— 

Average receipts per ton per mile 

Freight revenue per mile of road 

Freight revenue per train mile 

Total Traffic— 

Operating revenues 

Operating revenues per mile of road -— 

Operating revenues per train mile 

Operating expenses 

Operating expenses per mile of road 

Operating expenses per train mile 

Net operating revenue 

Net operating revenue per mile of road 

Average number of passengers per car mile 

Average number of passengers per train mile 

Average number of passenger cars per train mile — 

Average number of tons of freight per loaded car 
mile 



Average number of tons of freight per train mile . 

Average number of freight cars per train mile 

Average number of loaded cars per train mile 

Average number of empty cars per train mile 

Average mileage operated during the year 



20,487 
267, 648 



3,540 
13.06 



55,245 



10, 136 
13.87 



6 
16 
2.57 

12.12 
105.78 

13.37 
8.73 
4.13 

75.60 



Dollars. 



10,094 
133 



25,204 



338 
3 

35,838 

474 

1 

34,751 

459 

1 

1,086 

14 



Cts. 



Mills. 



287 



721 



623 
289 



937 



673 



340 



N. C. CORPORATION COMMISSION". 



TRAFFIC AND MILEAGE STATISTICS— State of North Carolina. 



Item. 



Passenger Traffic— 

Number of passengers carried earning- revenue 

Number of passengers carried one mile 

Number of passengers carried one mile per mile of 
road 



Average distance carried— miles 

Total passenger revenue 

Average amount received from each passenger 

Average receipts per passenger per mile 

Total passenger service train revenue 

Passenger service train revenue per mile of road 

Passenger service train revenue per train mile 

Freight Traffic— 

Number of tons carried of freight earning revenue 

Number of tons carried one mile 

Number of tons carried one mile per mile of road-— 

Average distance haul of one ton — miles 

Total freight revenue 

Average amount received for each ton of freight -— 

Average receipts per ton per mile 

Freight revenue per mile of road 

Freight revenue per train mile 

Total Traffic— 

Operating revenues 

Operating revenues per mile of road 

Operating revenues per train mile 

Operating expenses 

Operating expenses per mile of road 

Operating expenses per train mile 

Net operating deficit 

Net operating deficit per mile or road 

Average number of passengers per car mile 

Average number of passengers per train mile 

Average number of passenger cars per train mile -- 
Average number of tons of freight per loaded car 



mile 



Average number of tons of freight per train mile 

Average number of freight cars per train mile 

Average number of loaded cars per train mile 

Average number of empty cars per train mile 

Average mileage operated during year 



Column for 

Number 

Passengers, 

Tonnage, Etc. 



10,755 

144,154 



.239 
13.40 



6,896 
205,348 
4,615 
29.78 



17 
3.03 

6.15 

55.18 

13.13 

8.97 

3.50 

44.48 



Columns for 
Revenue and Rates. 



Dollars. 



4,063 



4,811 
108 



,235 

1 



185 
2 

13,266 

298 

1 

18,342 

412 

1 

5,076 

114 



Cts. 



Mills. 



778 
818 



845 



348 
010 



259 



827 



471 



CAEOLIN'A, CLINCHFIELD AND OHIO RAILWAY. 



341 



FREIGHT TRAFFIC MOVEMENT-State of North Carolina. 



Commodity. 


Freight 

Originating 

on this 

Road. 


Freight 

Received 

from 

Connecting 

Roads and 

Other 
Carriers. 


Total Freight Tonnage. 


Products of A.griculture— 


Whole Tons. 
3 
2 
11 
11 


Whole Tons. 

239 

10 


Whole Tons. 

242 

12 

11 

11 


Per Cent. 
3.51 


Flour 


.17 


jjay 


.16 






.16 








Total 


27 


249 


276 


4.00 






Products of Animals— 


2 
1 


4 


6 

1 


.09 




.01 






Total 


3 


4 


7 

44 
326 


.10 






Products of Mines— 




44 


64 




326 


4.73 








Total 


326 


44 


370 


5 37 






Products of Forests— 


1,895 
823 


1.723 

544 


3,618 
1,367 


52.47 




19 82 






Total 


2,718 


2,267 


4,985 


72 29 






Manufactures— 


14 


6 

60 
94 

7 
6 

7 


20 

60 

118 

7 
12 

28 


29 


Ca<?fincr«? nnH mnfTiinprv 


87 




24 


1 71 


AeTiriiltnml imr>lpmpn+<? 


10 


TTmmphfild c>T>nrl<? and ■fnrnitnrp 


6 
21 


17 


Other manufactures 


41 






Total 


65 
11 

433 


180 
569 


245 
11 

1,002 


3.55 


Merchandise 


16 


Miscellaneous— 

Other commodities not mentioned above- 


14.53 




3,583 


3,313 


6,896 


100 00 








48, 192 


7,053 


55,245 









342 



N. e. CORPOEATION COMMISSION. 



DESCRIPTION OF EQUIPMENT-Entire Line. 





Number 

on 

March 

31, 1908. 


Number 
Added 

During 
Year. 


Number 
Retired 
During 
Year. 


• 
Number 

on 
June 30, 

1908. 


Number Fitted With 


Item. 


Train 
Brake. 


Automatic 
Coupler. 


Locomotives— Owned or Leased: 


3 
10 






3 
10 


3 

10 


3 








10 












13 

7 






13 

7 


13 

7 


13 









7 








6 






6 


6 


6 










Cars— Owned or Leased: 
In Passenger Service— 


• 
4 

3 






4 
2 


4 
2 


4 




1 


2 


2 






Total 


7 


1 


2 


6 


6 


6 






In Freight Service- 
Box cars 


246 
50 




43 

1 


203 
150 
100 


203 
150 
100 


203 




101 
100 


150 




100 








Total - — 


296 


201 


44 


453 


453 


453 






In Company's Service— 


1 

55 

1 

14 

71 






1 
99 

1 
54' 


1 
99 

1 
54 


1 


Gravel cars 


44 




99 




1 




40 




54 






Total 


84 




155 


155 


155 


Total cars in service 

Less cars leased 


374 
58 


286 
286 


46 
42 


614 
302 


614 
302 


614 
302 








316 




4 


312 


312 


312 







CAEOLINA, CLINCIIFIELD AND OHIO RAILWAY. 



343 



MILEAGE-Entire Line. 
A. MILEAGE OF ROAD OPERATED-(All Tracks). 



Line in Use. 



Miles of single track 

Miles of yard track and sidings 

Total mileage operated— all tracks 



Line 
Owned. 



Main 
Line. 



75.60 
3.59 



79.19 



Total 

Mileage 

Operated. 



75.60 
3.59 



79.19 



Rails 



Steel. 



75.60 
3.59 



79.19 



B. MILEAGE OF LINE OPERATED. BY STATES -(Single Track). 



State. 


Line 
Owned. 


Total 

Mileage 

Operated. 


Rails. 


Main 
Line. 


Steel. 


Virginia 


8.00 
23.12 

44.48 


8.00 
23.12 
44.48 


8 00 


Tennessee 


23 12 


North Carolina 


44 48 








75.60 


75.60 


75.60 







C. MILE AGE. OF LINE OWNED, BY STATES— (Single Track). 



State. 


Line 
Owned. 


Total 
Mileage 
Owned. 


Rails. 


Main 
Line. 


Steel. 


Virginia - - . _ 


• 8.00 
23.12 

44.48 


8.00 
23.12 
44.48 


8^00 
23.12 
44.48 


Tennessee - - ._ _ 


North Carolina - . 




Total mileage owned— single track - . — — _ 


75.60 


75.60 


75.60 





344 



E". C. CORPOEATIOIi COMMISSION'. 



TAXES AND ASSESSMENTS. 





Ad 

Valorem 

Tax. 


Specific 




State. 


On the 
Value of 
Real and 
Personal 
Property. 


On Traffic, 
or Some 
Physical 
Quality of 
Property 
Operated, 

or on 
Privilege. 


Total. 


Virginia 


$ 215.91 


$. 


$ 215. 91 




150.00 


150. 00 










215.91 


150.00 


365. 91 







CAROLIN'A AT^D TENNESSEE SOUTHERN EAILWAY COMPANY. 345 



Carolina and Tennessee Southern Railway Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President- - _ - -_ _ 


A. B. Andrews 

H. C. Ansley 

H W.Miller 


Raleigh, N. C. 
Washington, D. C. 
Raleigh, N. C. 
Washington, D. C. 








A H Plant - - - 









DIRECTORS. 

A. B. Andrews, W. W. Finley, H. C. Ansley, Fairfax Harrison, H. W. Miller. 



PROPERTY OPERATED. 



From— 


To— 


Miles. 


Bushnell, N. C 


Eagle Creek N C 


13 90 









CAPITAL STOCK, ETC 

Capital stock 

Capital stock, per mile 

Funded debt 

Funded debt, per mile 

Cost of road 

Cost of road, per mile 

Road under construction— completed June 30, 1908 



$ 60,000.00 

Incomplete. 
$ 581,000.00 

Incomplete. 
S 652,776.73 

Incomplete. 

13.90 miles. 



346 



N. C. COKPOEATION COMMISSIOIN". 



Carolina Valley Railway Company, 

OFFICERS. 



Title. 



Name. 



Location of Office. 



Receivers - 



G. M. Hohl and M. L. Jones— High Point, N. C. 



PROPERTY OPERATED. 



From — 


To- 


Miles. 




Denton, N. C 


20 00 







CAPITAL STOCK, ETC 

Capital stock 

Cost of road 

Cost of road, per mile 

Freight earnings 

Passenger earnings 

Gross earnings 

Gross earnings, per mile 

Operating expenses 

Operating expenses, per mile 

Taxes paid, N. C 

Employees, 20. Earnings approximate. 



125,000.00 

80,000.00 

4,000.00 

9.000.00 

3,000.00 

12,000.00 

600.00 

15,000.00 

650.00 

544.00 



CASHIE AND CHOWAN RAILWAY AND LUMBER COMPANY. 



347 



Cashie and Chowan Railway and Lumber Company. 



OFFICERS. 



Title. 



Name. 



Location of Office. 



President 

Superintendent 

Secretary and Treasurer - 



J. T. Deal Norfolk. Va. 

R. H. Holland Windsor, N. C. 

J. C. Johnson Baltimore, Md. 



DIRECTORS. 

E. P. Gill, Baltimore, Md.; Ira Johnson, Baltimore, Md.; J. C. Johnson, Baltimore, Md.; W. H. 
Taylor, Norfolk, Va.; J. T. Deal, Norfolk, Va. 



PROPERTY OPERATED. 



From— 


To— 


Miles. 


Mill _ -- _ 




7 









CAPITAL STOCK, ETC. 



Capital stock 

Cost of road 

Cost of road, per mile 

Cost of equipment 

Cost of equipment, per mile 

Cost of road and equipment, per mile 

Lumber road — earnings of railroad not separated from mill business, 



50,000.00 
8,400.00 
1,200.00 
4,000.00 
571.42 
1,771.42 



348 



N. C. COEPOEATIOlSr COMMISSION. 



Chowan and Aulander Railroad Company. 



OFFICERS. 



Title. 


Name. 


Location of Office. 


Prp<?iHpnt 


P D CamD 


Tfrnnlrlin Va 


General Manager or Superintendent 

Secretary and Treasurer 


.T J , P,fl m n 


Franklin Va 


R J Camp 


Franklin Va 







DIRECTORS. 
P. D. Camp, J. L. Camp, R. J. Camp. 



PROPERTY OPERATED. 



From- 



To— 



Miles. 



Lewiston, N. C. 



Near Cashie River - 



20.00 



CAPITAL STOCK. ETC. 



Capital stock — 

Capital stock, per mile 

Cost of road 

Cost of road, per mile 

Cost of equipment 

Cost of equipment, per mile 

Cost of road and equipment, per mile 
Gross earnings 

Gross earnings, per mile 

Operating expenses 

Operating expenses, per mile 

Taxes paid. North Carolina 

Employees, 34. 



30,000.00 

1,500.00 

16,000.00 

800.00 
12,000.00 

600.00 

1,300.00 

10,200.00 

510.00 
12,100.00 

605.00 

220.10 



CLIFFSIDE EAILROAD COMPANY. 



349 



Cliffside Railroad Company. 

OFFICERS. 



Title. 

President 

Vice-President and Treasurer 
Secretary 



Name 

B. D. Heath 

R. R. Haynes 

Chas. H. Haynes. 



Location of Office. 



Cliffside, N. C. 
Cliffside, N. C. 
Cliffside, N. C. 



DIRECTORS. 
B. D. Heath, R. R. Haynes, T. B. Lovelace, Jno. M. Scott, W. C. Heath. 



PROPERTY OPERATED. 



From— 


To- 


Miles. 


Cliffside N. C - 




3 00 









CAPITAL STOCK. ETC 

Capital stock 

Capital stock, per mile 

Cost of road 

Cost of road, per mile 

Cost of equipment 

Cost of equipment, per mile 

Cost of road and equipment, per mile 

Freight earnings 

Passenger earnings 

Gross earnings 

Gross earnings, per mile 

Operating expenses 

Operating expenses, per mile 

Taxes paid. North Carolina 

Employees, 6. 



16,000.00 
5,333.33 
13,600.00 
4, 533. 33 
2,400.00 

800.00 
5,333.33 
3,762.75 

322.50 
4,085.25 
1,361.75 
2,975.00 

991.66 

128.60 



350 



C. CORPORATION COMMISSIOjST. 



Danville and Western Railway Company. 

OFFICERS. 



Title. 



Name. 



Location of Office. 



President 

Superintendent 

Secretary 

Treasurer 



A. B. Andrews Raleigh, N. C. 

Theo. Parker ; Danville, Va. 



H. W. Miller 
C. L. Booth - 



Raleigh, N. C. 
Danville, Va. 



DIRECTORS. 

A. B, Andrews, Raleigh, N. C; J. B. Sparrow, Martinsville, Va.; H. W. Miller, Raleigh, N. C. ; 
Pannill Rucker, Martinsville, Va.; J. P. Swanson, Danville, Va.; D. W. Spencer, Spencer, Va.; R. 
A. Schoolfield, Danville, Va.; W. G. Lee, Spartanburg, S. C; J. L Pritchett, Danville, Va.; J. H. 
Rangeley, Stuart, Va.; B. Frank Mebane, Spray, N. C. 



PROPERTY OPERATED. 



' 


To- 


Miles. 


From— 


Operated. 


Owned. 


Danville Va 


Stuart Va - 


75 

8 


70 






8 








Total 


83 


78 









DAXVILLE AND WESTEEX EAILWAY COMPAXY. 351 



CAPITAL STOCK, ETC. 



Capital stock 5 365,600.00 

Capital stock, per mile 4,726.00 

Funded debt 1,052,000.00 

Funded debt, per mile 13,457.00 

Cost of road 1,-503, 709. S7 

Cost of road, per mile 19,27S.33 

Cost of equipment 1 88,717.25 

Cost of equipment, per mile 1,137.40 

Cost of road and equipment, per mile 20,415.73 

Freight earnings 173.150.18 

Passenger earnings -54,856.86 

Gross earnings 239,776.82 

Gross earnings, per mile 2,888.88 

Operating expenses 152,987.81 

Operating expenses, per mile 1,843.23 

Taxes paid. North Carolina 449.16 



Employees, 238. 



352 



N. C. CORPORATION COMMISSIOI^. 



Dover and Southbound Railroad Company. 



(Operated by Golds boro Lumber Co.) 
OFFICERS. 



Title. 


Name. 


Location of Office. 




W. A. Wimsatt 


Washington, D. C. 


General Manager or Superintendent 


Dover N C 


W B H Blandford 


Dover N C 


Traffic Manager 


N S Ri"hardson 


Dover N C 









DIRECTORS. 

W. A. Wimsatt, Washington, D. C; D. W. Richardson, Dover, N. C; E, S. Johnson, Baltimore, 
Md.; W. A. H. Church, Washington, D. C. 



PROPERTY OPERATED. 



From— 


To- 


Miles. 


Dover N C 


Richlands N C 


24 60 









CAPITAL STOCK, ETC. 



Capital stock, Goldsboro Lumber Co 

Freight earnings 

Passenger earnings 

Gross earnings 

Gross earnings, per mile 



$ 100,000.00 

13,697.00 

5. 087. 02 

18,784.02 

751.00 



Employees, 20. 

Merged in Goldsboro Lumber Co. 

Operating expenses, merged in operation of Goldsboro Lumber Co. 



DURHAM AND CHARLOTTE RAILROAD COMPANY. 



353 



Durham and Charlotte Railroad Company. 



OFFICERS. 



Title. 


Name. 


Location of Office. 


President 

General Manager or Superintendent 


John B. Lennig 

John H. Kennedy 

John L Tull — - 


Philadelphia, Pa. 
Gulf. N. C. 
Hemp, N. C. 







DIRECTORS. 

John B. Lennig, Philadelphia, Pa.; J. S. Carr, Durham, N. C.; Wm. A. Guthrie. Durham, N. C. 
Wm. Peay, Durham, N. C. 



PROPERTY OPERATED. 



From— 


To- 


Miles. 


Gulf N C - -- - 


Troy NO- - -- -- — 


41 00 









CAPITAL STOCK. ETC. 



Capital stock 

Capital stock, per mile 

Cost of road 

Cost of road, per mile 

Cost of equipment 

Cost of equipment, per mile 

Cost of road and equipment, per mile 

Freight earnings 

Passenger earnings 

Gross earnings — 

Gross earnings, per mile 

Operating expenses 

Operating expenses, per mile 

Taxes paid— North Carolina 

Employees, 60. 



100,000.00 

2,439.00 

350,503.00 

8,548.85 

20,760.00 

506. 54 

9,055.19 

18,859.59 

4,017.75 

22,877.34 

556.52 

26,423.64 

644.47 

965. 59 



Corp. 2- 



-23 



354 



I^. C. CORPOEATION COMMISSION. 



Durham and Southern Railway Company. 

OFFICERS. 



Title, 



Name. 



Location of Office. 



President 

First Vice-President 

Secretary and General Counsel 

Treasurer 

Auditor 

General Superintendent 

General Passenger and Freight Agent 



B. N. Duke- 
J. E. Stagg-. 
F. L. Fuller - 
A. B. Duke- 
E. Thomason 

W. Hall 

S. H. Reams. 



Ill Fifth Ave., N. Y. 
Durham, N. C. 
Durham, N. C. 
Ill Fifth Ave., N. Y. 
Durham, N. C. 
Durham, N. C. 
Durham, N, C. 



DIRECTORS. 

B. N. Duke, 111 Fifth Avenue, New York; Geo. W. Watts, Durham, N. C; C. W. Toms, Durham, 
N. C; F. L. Fuller, Durham, N. C; Lawrence S. Holt, Burlington, N. C; A. B. Duke, New York, 
N. Y.; J. B. Mason, Durham, N. C; W. A. Erwin, Durham, N. C; E. Thomason, Durham, N. C; 
J. C. Angier, Durham, N. C; J. E. Stagg, Durham, N. C. 



PROPERTY OPERATED. 



Termini. 


Miles of 
Line for 


From— 


To- 


Each Class 
of Roads 
Named. 


Tflncst F)nrViam T^ d _ _ 


Dunn N C -- 


56 87 




East Durham N C (S A L ) — 


2 10 









CAPITAL STOCK, ETC. 



Capital stock 

Funded debt 

Balance — cash assets 



$ 600,000.00 
750,000.00 
37,150.15 



DURHAM AND SOUTHERN RAILWAY COMPANY. 



355 



COST OF ROAD, EQUIPMENT AND PERMANENT IMPROVEMENTS. 



Item. 



Road 

Equipment 

General expenditures 

Total 

Cost of road per mile of line 

Cost of equipment per mile of line — 

General expenditures per mile of line 

Total cost per mile of line 



Total Cost to 
June 30, 1908. 


5 1,033,331.77 


159,245.97 


159,536.60 


1,352,114.34 


18,170.07 


2,804.75 


2,805.28 


23,777.10 



INCOME ACCOUNT. 



Operating Income— 








Rail operations: 






^ 




$ 251,697.55 
123,83g.70 






Operating expenses 


$ 127,858.85 








Net operating revenue 












Total net revenue 


127,858.85 
5,616.08 




Tflvp"? npfrnpf] 
















$ 122,242.77 


Other Income— 






Other rents— Credits: 










4,367.58 
457 16 






Joint facilities 






Dividends declared on stocks owned or controlled- 


51.86 


' 








4,876.60 










127,119.37 


Deductions from Gross Corporate Income— 






Other rents— Debits : 








Hire of equipment — balance 


2,557.09 

30,000.00 

81.56 






Interest accrued on funded debt 






Other interest 














32,638.65 










94,480.72 


Disposition of net corporate income: 






Additions and betterments charged to income- 






97,157.54 








Balance for year carried forw^ard to debit of 


2,676.82 









356 



I^. C. CORPORATIOIsr COMMISSION". 



OPERATING REVENUES AND EXPENSES. 



Revenue from Transportation— 

Freight revenue 

Passenger revenue 

Excess baggage revenue 

Mail revenue 

Express revenue 

Total passenger service train revenue 

Switching revenue 

Special service train revenue 

Miscellaneous transportation revenue 

Total revenue from transportation 

Revenue from Operations Other than Transportation— 

Station and train privileges '- 

Storage — freight 

Car service 

Telegraph service 

Rents of buildings and other property 

Miscellaneous 

Total revenue from operations other than transportation -• 

Total operating revenues 

Operating Expenses— 

Maintenance of vsray and structures 

Maintenance of equipment 

Traffic expenses 

Transportation expenses 

General expenses 

Grand total 

Ratio of operating expenses to operating revenues, per cent. 



220,808.34 



22, 598. 25 

111.90 

2,187.84 

446. 99 



25,344.98 

122.00 

3,677.23 

27.80 



249,980.35 



5.00 

38.58 

146.25 

213.61 

269.25 

1,044.51 

1,717.20 



251,697.55 



31,880.04 
15,594.06 
4,873.02 
57,897.78 
13,593.80 



123,838.70 



49.20 



DUEHAM AND SOUTHERN RAILWAY COMPANY. 



357 



COMPARATIVE GENERAL BALANCE SHEET. 



June 30. 1907. 


ASSETS. 


June 30, 1908. 


Year Ending June 30, 1908. 


Total. 


Total. 


Increase. 


Decrease. 


$ 1,015,756.96 

246.912.24 

159,119.65 

59.518.84 

13,501.24 




$ 1,033,331.77 

159,245.97 

159,536.60 

108,208.18 

11,714.16 


$ 17,572.81 


$_ _ 




87,666.27 




416. 95 
48,699.34 








1,787.08 






1,494,810.93 


1,480.336.68 




14,474.25 


LIABILITIES. 




600,000.00 

750,000.00 

54.054.46 


600,000.00 

750.000.00 

71,058.03 

2,303.12 

1,199.40 

3,667.92 

28.56 

52,079.65 














17,003.57 
2,303.12 
1,199.40 
3,667.92 

28.56 










Passenger train— cars replacement, 

Freight train cars replacement 

Work train cars replacement 








90,756.47 


38.676.82 


Grand total -- 




1 494 810 93 


1.480,336.68 




14,474.25 









358 



W. C. CORPORATION^ COMMISSIOT^. 



Durham and South Carolina Railroad Company. 

OFFICERS. 



Title. 



President and Treasurer 

Superintendent 

Secretary 

Traffic Manager 



Name. 



Ernest Williams 
R. A. Honeycutt 

J. A. Ford 

R. A. Honeycutt 



Location of Office. 

Lynchburg, Va. 
Durham, N. C. 
Lynchburg, Va. 
Durham, N. C. 



'• DIRECTORS. 

D. T. McKeithan, Darlington, S. C; Ernest Williams, Lynchburg, Va.; J. M. Barr, Norfolk, Va, 
J. A. Duncan, East Durham, N. C; W. R. Bonsai, Hamlet, N. C. 



PROPERTY OPERATED. 



From— 


To- 


Miles. 


nnvVinm TST C, 


Bonsal, N. C 


30 00 







CAPITAL STOCK, ETC. 



Capital stock 

Capital stock, per mile 

Funded debt 

Funded debt, per mile 

Cost of road 

Cost of road, per mile 

Cost of equipment 

Cost of equipment, per mile 

Cost of road and equipment, per mile 

Freight earnings 

Passenger earnings 

Gross earnings 

Gross earnings, per mile 

Operating expenses 

Operating expenses, per mile 

Taxes paid, North Carolina 



300,000.00 

10,000.00 

300, 000. 00 

10,000.00 

244,785.74 

8,159.52 

25,668.35 

855.61 

9, 015. 13 

59,219.11 

3,132.75 

62,351.86 

2,078.39 

38,218.50 

1,273.95 

1,253.75 



EAST CAROLINA EAILWAY COMPANY. 



359 



East Carolina Railway Company. 



OFFICERS. 



Title. 


Name. 


Location of Office. 


President, Treasurer and General Manager - 


Henry Clark Bridgers 

W. Rutland 

W E Shearin 


Tarboro. N. C. 
Tarboro N C 




Tarboro N C 


Secretary and General Passenger Agent 


TTnvAwonrl TTfVYhflll 


Tarboro N C 







DIRECTORS. 

H. C. Bridgers, Tarboro, N. C; J. L. Bridgers, Tarboro, N. C; J. Pender, Tarboro. N. C: H. P. 
Foxhall, Tarboro, N. C; W. E. Shearin, Tarboro, N. C; R. L. Davis, Farmville, N. C. 



PROPERTY OPERATED. 



From Tarboro to Hookerton, N. C. (miles) . 



5.20 



CAPITAL STOCK, ETC. 



Capital stock authorized 

Capital stock paid up 

Funded debt 

Current liabilities— balance 

Cost of construction and equipment 

Gross earnings 

Operating expenses 

Passeiager earnings 

Freight earnings 

Taxes 

Rents paid for lease of terminals - — 
Operating loss 



300,000.00 

55,600.00 

261,000.00 

261,000.00 

259, 000. 00 

57,604.63 

72,081.71 

7,885.31 

47,792.83 

825.00 

2,210.43 

14,477.08 



Employees, 44. 



360 



I^. C. COEPORATIOW" COMMISSION. 



East Tennessee and Western North Carolina Railroad Company. 



OFFICERS. 



Title. 


Name. 


Location of Office. 




F P Howe 


Johnson City, Tenn. 
Johnson City, Tenn. 
Johnson City, Tenn. 
Johnson City, Tenn. 




Geo. W Hardin— 








J. E Vance - 







DIRECTORS. 

Frank Fermstone, Calvin Pardee, John S. Wise, Alfred D. Pardee, Frank P. Howe, Edgar P. 
Earle, George W. Hardin. 



PROPERTY OPERATED. 



From— 


To— 


Miles. 






34 00 









CAPITAL STOCK, ETC. 



Capital stock 

Capital stock, per mile 

Funded debt 

Funded debt, per mile 

Cost of road 

Cost of road, per mile 

Cost of equipment 

Cost of equipment, per mile 

Cost of road and equipment, per mile 

Freight earnings 

Passenger earnings 

Gross earnings 

Gross earnings, per mile 

Operating expenses 

Operating expenses, per mile 

Taxes paid. North Carolina 

Employees, 107. 



501,900.00 

14,340.00 

500,000.00 

14,285.00 

848,758.77 

24,963.49 

186,363.99 

5,481.29 

30,444.78 

197,725.96 

35,786.18 

239,142.19 

7,033.59 

127,624.36 

3,753.66 

395.19 



KI^STOI^ AND SNOW HILL EAILROAD COMPANY. 



361 



Kinston and Snow Hill Railroad Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 




"H C Riley 


Philadelphia, Pa. 
Kinston N C 


General Manager or Superintendent | 






E W Chadwick - - 




Ty'oflRr* IVTcrnQo-fiv 


Kinston N C 









PROPERTY OPERATED. 



From— 


To- 


Miles. 


Hines Junction, N. C 


Snow Hill, N. C 


14.00 



CAPITAL STOCK, ETC. 



Capital stock* 

Cost of equipment 

Cost of equipment, per mile - 

Freight earnings 

Passenger earnings 

Gross earnings 

Gross earnings, per mile 

Operating expenses! 

Operating expenses, per mile 
Taxes paid. North Carolina- - 



200,000.00 

15,010.00 

1,072.14 

6,442.01 

2,284.76 

8, 726. 77 

623.34 

6,693.24 

478. 09 

252.60 



Employees, 70. 

*Merged with Amis Bros. Lumber Co. 

tPeriod February 1, 1908, to June 30, 1908. 



362 



ISr. C. CORPORATION COMMISSION. 



Lawndale Railway and Industrial Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


Prfctiflpnt 


H. F. Schenck 

H F Schenck 


T.siwrnrlnl*^ 'M C, 




Lawndale N C 


Treasurer 


John F. Schenck 

H. F. Schenck 


Lawndale N C 




Lawndale, N. C. 





DIRECTORS. 

H. F. Schenck, Lawndale, N. C; John F. Schenck, Lawndale, N. C; James E. Reynolds, New 
York, N. Y.; G. W. Morgan, Jr., New York, N. Y. 



PROPERTY OPERATED. 



From- 



To- 



Miles. 



Lawndale, N. C 

Lawndale Junction, N. C- 



Lawndale Junction, N. C. 
Shelby, N. C. (S. A. L.)- 



9.06 
2.40 



CAPITAL STOCK, ETC. 



Capital stock 

Capital stock, per mile 

Cost of road 

Cost of road, per mile 

Cost of equipment 

Cost of equipment, per mile 

Cost of road and equipment, per mile 

Freig-ht earnings 

Passeng-er earnings 

Mail earnings 

Gross earnings 

Gross earnings, per mile 

Operating expenses 

Operating expenses, per mile 

Taxes paid. North Carolina 



60,000.00 
6,622.51 

47,690.04 
5,263.80 

12,788.63 
1.411.55 
6,675.35 

10,976.18 

1,774.40 

531.80 

13,282.38 
1,466.04 
9,351.07 
1,031.02 
89.68 



Employees, 12. 



lij^ville eiveb eailway company. 



363 



Linville River Railway Company. 



OFFICERS. 



Title. 



Name. 



Location of Office. 



President 

General Manager 

Secretary 

Treasurer 

Traffic Manager - 



W. M. Ritter Columbus, Ohio. 

J. Mortimer ^ 1 Asheville, N. C. 



James L. Hamill 
C. B. Weakley — 
O. C. Hathaway - 



Columbus, Ohio. 
Columbus, Ohio. 
Saginaw, N. C. 



DIRECTORS. 

W. M. Ritter, Columbus, Ohio; James L. Hamiil, Columbus, Ohio; C. B. Weakley, Columbus, 
Ohio; R. E. Pendleton, Columbus, Ohio; Isaac T. Mann, Bramwell, W. Va.; J. M. Barr, Norfolk, Va. 



PROPERTY OPERATED. 



From— 


To- 


Miles. 




Pineola N C — - - 


12.00 




' 





CAPITAL STOCK, ETC. 



Capital stock 

Capital stock, per mile 

Funded debt 

Funded debt, per mile -— ^ 

Cost of road 

Cost of road, per mile 

Cost of equipment 

Cost of equipment, per mile 

Cost of road and equipment, per mile- 

Freight earnings 

Passenger earnings 

Gross earnings 

Gross earnings, per mile 

Operating expenses 

Operating expenses, per mile 

Taxes paid. North Carolina 



60,000.00 

5,000.00 
60,000.00 

5,000.00 
111,871.41 

9,322.45 

11,750.00 

979. 17 

10,301.62 

20,751.06 

2,906.35 
24,223.85 

2,018.65 
18,664.75 

1,555.39 
705.60 



Employees, 



364 



N". C. CORPORATIONS^ COMMlSSIOIT. 



Mt. Airy and Eastern Railway Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 




i c M Wilev 


New York N Y 


Receivers 


f John A Mills 


Raleigh, N. C. 







PROPERTY OPERATED. 



From — 


To- 


Miles. 




Danube, Va 


19.25 







CAPITAL STOCK, ETC. 



Capital stock 

Funded debt 

Freight earnings 

Passenger earnings 

Mail earnings 

Gross earnings 

Gross earnings, per mile 

Operating expenses 

Operating expenses, per mile 
Taxes paid. North Carolina — 

Employees, 35. 



24,250.00 

30, 058. 56 

8,847.77 

1,442.27 

430. 94 

10,720.98 

556.93 

13,675.11 

710.40 

65.77 



LOUISVILLE AND NASHVILLE EAILEOAD COMPANY. 



365 



Louisville and Nashville Railroad Company. 

OFFICERS. 



Title. 

Chairman of the Board 

President 

First Vice-President 

Second Vice-President 

Third Vice-President 

Fourth Vice-President 

Secretary , 

Treasurer 

General Counsel 

General Solicitor 

General Attorney 

Comptroller 

Assistant Comptroller 

Auditor of Disbursements 

Auditor of Receipts 

General Manager 

Consulting Engineer 

Chief Engineer 

Superintendent of Transportation — 

Superintendent of Terminals 

Superintendent of Knoxville Division 
Superintendent of Atlanta Division -- 

Traffic Manager 

General Freight Agent 

Assistant General Freight Agent 

Assistant General Freight Agent 

General Passenger Agent 

Assistant General Passenger Agent - 
General Baggage Agent 



Name. 

Henry Walters 

M. H. Smith 

W. L. Mapother 

A. W. Morris 

A. R. Smith 

George E. Evans 

J. H.Ellis 

William W. Thompson 
H. L. Stone 

A. S. Brandreis 

William G. Dearing -- 

Charles Haydon 

William A. Colston 

R. E. Sewell 

George Becker 

B. M. Starks 

R. Montford 

W. H. Courtenay 

C. B. Phelps 

J. D. Patterson 

R. C. Morrison 

C. W. Bradshaw 

C. B. Compton 

D. M. Goodwyn- 

Charles R. Brent 

Edward H. Dulaney-- 

William A. Russell 

Joseph A. Boyd 

William P. Hines 



Location of Office. 



New York, N. Y. 
Louisville, Ky. 
Louisville, Ky. 
New York, N. Y. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky, 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 
Atlanta, Ga. 
Knoxville, Tenn. 
Etowah, Tenn. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 
Louisville, Ky. 



366 



Is"". C. CORPORATION COMMISSION". 



DIRECTORS. 



Name. 


Post-office Address. 


Date of Expiration 
of Term. 




New York, N. Y 

Louisville Ky 


First day of Oct., 1908. 
First day of Oct., 1908. 
First day of Oct., 1908. 
First day of Oct., 1908. 
First day of Oct., 1908. 
First day of Oct., 1908. 
First day of Oct., 1908. 
First day of Oct., 1908. 
First day of Oct.. 1908. 
First day of Oct., 1908. 
First day of Oct., 1908. 
First day of Oct., 1908. 
First day of Oct., 1908. 




Warren Delano, Jr. 

Edward W. Sheldon 

AlpTrnndpr TTnmiltnn 


New York NY- - - 


New York, N. Y 

Petersburg, Va 


TVTiplinpl .Tpnkinc; 


D P Kingsley 


New York N Y 


G M Lane 




W G Oakman 


New York, N. Y 

Atlanta, Ga 

Louisville, Ky 

Baltimore, Md. 


W G Raoul- - - - 


Milton H Smith __ _ 




J I Waterbury - 


New York, N. Y 





PROPERTY OPERATED— In North Carolina. 



From State Line, Georgia, to Murphy, North Carolina (miles)- 



13.21 



LOUISVILLE AND ITASHVILLE EAILROAD COMPAI^Y. 



367 



OPERATING EXPENSES— State of Norlh Carolina. 



Maintenance of way and structures 

Maintenance of equipment 

Traffic expenses 

Transportation expenses 

General expenses 

Total 



Ratio to Total 
Operating Expenses. 


$ 8,898.25 


33.71 


5,122.05 


19.41 


655. 45 


2.48 


10,877.60 


41.21 


841.25 


3.19 


26,394.60 


100.00 



Percentage of earnings to expenses, 177.03. 



OPERATING REVENUES— State of North Carolina. 



Account. 



Total 
Revenues. 



Revenue from Transportation— 

Freight revenue 

Passenger revenue 

Excess baggage revenue 

Mail revenue 

Express revenue 

Total passenger service train revenue 

Switching revenue 

Miscellaneous transportation revenue 

Total revenue from transportation 

Revenue from Operations Other than Transportation 

Station and train privileges 

Storage— freight 

Storage— baggage 

Car service 

Telegraph service 

Total revenue from operations other than transportation 

Total operating revenues — State 



.96 



4,827.55 


86.14 


1,171.91 


807.34 


6,900.84 


384.00 


1.58 


13,873.38 



30.96 
89.86 
3.15 
61.00 
29.20 



214.17 



14,087.55 



368 



N. C. CORPORATION COMMISSION. 



New Hanover Transit Company. 



OFFICERS. 



Title. 


Name. 


Location of Office. 


President - --- - 




Wilmington, N. C. 
Wilmington, N. C. 
Wilmington, N. C. 
Wilmington, N. C. 


General Manager or Superintendent 

Secretary and Treasurer 


John W. Harper 

W.L.Smith 

John W^ Harper 


Traffic Manager 







DIRECTORS. 

D. McEachern, Wilmington, N. C; H. A. Kine, Wilmington, N. C; John W. Harper, Wilming- 
ton, N. C; D. O. Connor, Wilmington, N. C; L. H. Skinner, Wilmington, N. C; William L. Smith. 
Wilmington, N. C. 



PROPERTY OPERATED. 



From- 



To- 



Harper's Pier on Cape Fear River Carolina Beach on Atlantic Ocean 



Miles. 



4.00 



CAPITAL STOCK, ETC. 



Capital stock 

Capital stock, per mile 

Cost of road 

iJost of road, per mile 

Cost of equipment 

Cost of equipment, per mile 

Cost of road and equipment, per mile 

Freight earnings 

Passenger earnings 

Gross earnings 

Gross earnings, per mile 

Operating expenses 

Operating expenses, per mile 



8,850.00 
2,212.50 

7,850.00 
,1,962.50 
1,000.00 

250.00 

2,212.50 

50.00 

1,609.15 

1,659.15 

414.79 
1,984.74 

496.18 



Employees, 3 to 7. 



NORFOLK AND SOUTHERN RAILWAY COMPANY, 



369 



Norfolk and Southern Railway Company. 

OFFICERS. 



Title. 



Name. 



Location of Office. 



Chairman of the Board 

President 

Vice-President 

Vice-President 

Vice-President 

Secretary 

Treasurer 

General Solicitor 

Attorney or General Counsel 

Comptroller 

Auditor 

General Superintendent 

Assistant General Superintendent 

Division Superintendent 

Division Superintendent 

Division Superintendent 

Division Superintendent 

Superintendent Motive Power 

Engineer Maintenance of Way 

Traffic Manager 

General Freight Agent 

General Passenger Agent 

Land Commissioner 



Marsden J. Perry 

Frank S. Gannon 

Morris K. King 

George W. Roper 

C. O. Haines 

Walter B. Gwynn 

M. Manly 

Edward R. Baird, Jr. 

Joline, Larkin & Rathbone 

H. C. MacKay 

W. L. Bird 

M. W. Maguire 

R. P. Foster 

Hy. Crocker 

J. R. Hawkins 

R. S. Anderson 

T. B. Ogle 

J. E. Gould 

F. L. Nicholson 

R. E. L. Bunch 

H. C. Hudgins 

H. C. Hudgins 

F. L. Merritt 



Providence, R. I. 
New York, N. Y. 
Norfolk, Va. 
Norfolk, Va. 
Raleigh, N. C. 
Norfolk, Va. 
Norfolk, Va. 
Norfolk, Va. 
New York, N. Y. 
Norfolk, Va. 
Norfolk, Va. 
Norfolk, Va. 
Raleigh, N. C. 
Suffolk, Va. 
New Bern, N. C. 
Norfolk, Va. 
Norfolk, Va. 
Norfolk, Va. 
Norfolk. Va. 
Norfolk, Va. 
Norfolk, Va. 
Norfolk, Va. 
Norfolk, Va. 



Corp. 2- 



-24 



370 



N. C. COEPOEATION COMMISSION. 



DIRECTORS. 



Name. 


Post-office Address. 


Date of Expiration of Term. 




Providpripp T? T 


1 


Samuel P Colt 


Providence R I 




Oakleieh Thorne 


New York City- 




T L Chadbourne Jr - 


New York City 

Norfolk, Va. 

Norfolk Va - - - 














New York City- 




Frank A. Vanderlip 


New York City — 


-" 








New York City 


}■ October 7, 1908. 




Norfolk, Va. - 




New^ York Citv 






New^ York Citv 






New York Citv 




Georee C Clark 


New York City 




George C Clark Jr 


New York City 




James S Kuhn 


Pittsburg, Pa 

New York City 

Raleigh N C 




Waldo C. Reed 


J 









I^ORFOLK AND SOUTHERN RAILWAY COMPANY. 



371 



ROAD OPERATED—Entire Line. 





Termini. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 
Line for 


Name. 


From — 


To- 


Each Class 
of Roads 

Named. 


Norfolk and Southern Rail- 


Berkley, Va. 

Clapham Jet., Va 

Clapham Jet., Va 

Norfolk, Va 

Norfolk, Va. 

Suffolk Va 


Edenton N C. - 


73.51 
22.14 

7.51 
23.55 
20.75 
50.83 
23.20 
29.27 
22.00 
43.87 
33.26 
102.08 
26.02 

2.82 
.48 

1.50 

.76 
95.00 

.87 
2.30 






Munden Point, Va. 

Providence Jet., Va. — 






103. 16 


South Electric Line — 




44 30 








Beckford Jet., N. C- 

Mackey's Ferry 

Mackey's Ferry 

Mackey's Ferry 




74.03 




Belhaven 










Washington 






128.40 




Chocowinity 


Raleigh --- — - 


102.08 










MoreheadCity 

Berkley Yard 

Edenton Yard 

Denney's Station 


Beaufort 

Fossburg Lumber Co. — 

Edenton Cotton Mills- — 

Norfolk City Water- 
works 


28.84 








2.74 
95 00 


Norfolk and Atlantic 

Tf>rTnir(jil Cn 


James and 11th St., 
Norfolk 


City Hall Ave., Norfolk- 
So. Norfolk Jet., Va. — 




Virginian Railway Co. 


Tidewater Jet., Va. — 


3.17 


Total 


581.72 


581 72 











372 



N". C. COEPORATIOlSr COMMISSION. 



ROAD OPERATED— State of North Carolina. 





Termini. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 
Line for 


Name. 


From— 


To- 


Each Class 
of Roads 
Named. 


Norfolk and Southern Ry.- 


Virginia State Line - 
Virginia State Line — 
Beckford Junction — 

Mackey's Ferry 

Mackey's Ferry 

Mackey's Ferry 

Goldsboro 

Chocowinity 

TJp'w Rprn 


Edenton N C 


52.96 
37.40 
23.20 
29.27 
22.00 
77.13 
97.82 
102.08 
26.02 




Edenton, N. C 


90.36 










Columbia 

Bridgeton 

Beaufort 


74.47 








Raleigh 

Oriental 


277.03 
26.02 










Total mileage operated- 


467.88 


467.88 









OUTSIDE OPERATIONS. 



Name. 



Character of 
Business. 



Title. 



State. 



Steamer Virginian - 



do M. E. Dickerson 

do N. L. Wagner 

do Haven Belle 

do Comet 

do Lucy 

do Edenton 

do Hatteras 

do Albemarle 

do John W. Garrett 

3 Tugs 

16 Car Floats and Lighters 

Atlantic Hotel 



Freight and Passenger 
Traffic. 



._„do — 
—do — 
—do — 
._-do — 
.— do- 
.—do-.- 
.—do— 
.___do — 
.—do — 
Towing - 
Freight- 
Hotel-- 



Owned 

._-do-- 
._-_do - 
.—do - 
.—do - 
.....do - 
.—do - 
— do- 
.— do - 
.—do -- 
.—do - 
.— do-- 
Leased 



North Carolina. 

do. 
do. 
do. 
do. 
do. 
do. 
do. 
do. 
do. 
do. 
do. 
do. 



ISrORFOLK AND SOUTHERN RAILWAY COMPANY. 



378 



ROAD ACQUIRED BY RESPONDENT FOR OPERATION THROUGH LEASE OR OTHER AGREEMENT. 





Miles of Line. 


Lease or Agreement. 


Name of Owning Company. 


Date. 


Term. 


Concise Summary 
of Provisions. 


Atlantic and North Carolina 
Railroad Co. 


95.00 


Sept. 1. 1904 


91 years and 4 
months. 


*See note. 



*Rental as follows : 

September 1, 1904, to December 31, 1904, $13,479. 

January 1, 1905, to December 31, 1924, per annum, payable semi-annually, $53,916. 

January 1, 1925, to December 31, 1934, per annum, payable semi-annually, $62,902. 

January 1, 1935, to December 31, 1944, per annum, payable semi-annually, $71,888. 

January 1, 1945, to December 31, 1954, per annum, payable semi-annually, $80,874. 

January 1, 1955, to December 31, 1964, per annum, payable semi-annually, $89,860. 

January 1, 1965, to December 31, 1995, per annum, payable semi-annually, $107,832. 

Payment of interest on $325,000 6 per cent, bonds of A. and N. C. R. R. Co., payable semi-annu- 
ally. Payment of $1,200 per annum for keeping alive organization of A. and N. C. R. R. Co. Ex- 
penditure of $250,000 account of betterment of roadbed, terminal facilities, etc. Payment of 
accrued taxes. Payment of $14,000 of notes with interest thereon, given by A. and N. C. R. R. Co., 
account of purchase of Atlantic Hotel property. 

N. B. Of the above $14,000 there remains unpaid $8,000 not yet due. 



CAPITAL STOCK. 



Description. 


Number 

of Shares 

Author- 

lized. 


Par 
Value 
of One 
Share. 


Total 
Par 
Value 
Author- 
ized. 


Total Par 
Value 
Out- 
standing. 


Total Par 
Value Held 

by Re- 
spondent 

Corpo- 
ration in 
Treasury. 


Total Par 

Value 
Not Held 
by Re- 
spondent 
Corpora- 
tion. 


Capital stock— Common 

Preferred 


200,000 i $ 100.00 
50,000 100.00 


$20,000,000 
5,000,000 


$13,130,000 
4,800,000 


$ 7,000 
None. 


$13,123,000 
4,800,000 


Total - 


250,000 100.00 


25,000,000 


17,930,000 


7,000 


17,923,000 





374 



K^. C. CORPORATION COMMISSION. 



° rt Si 0) 



^-Sbfi 






<:<J 









-2 '^^ 






^ ^ HI >. o Q -42 
■^ 03^,0 ft:; cs 
■5>> o 0) (3 o 
H !2i p^ a; ft 






^ C 5irr ijf^ 



P. 



8 8 






CD 00 









O^ O^ Oi Ci 



5 !zi ;2; w M 05 



NORFOLK: AND SOUTHERN RAILWAY COMPANY. 



375 



RECAPITULATION OF FUNDED DEBT. 





Total Par 
Value Out- 
standing. 


Total Par 
Value Held 
by Respond- 
ent Corpo- 
ration in 
Sinking 
or Other 
Funds: 


Total Par 
Value Not 

Held by 
Respondent 
Corporation. 


Interest. 


Class of Debt. 


Amount 

Accrued 

During 

Year. 


Amount 
Paid 

During 
Year. 




$ 21,056,000 

2,203,947 
1,140,000 


$ .3,789,000 


$ 17,267,000 
2,203,947 


$ 656,216.60 
83,489.59 


$ 495, 147. 84 


Collateral trust notes and 
scrip 

Miscellaneous obligations 


61,450.06 


1,140,000 










Total 


24,399,947 


4,929,000 


19,470,947 


739,706.19 


556,597.90 



RECAPITULATION OF CAPITALIZATION. 



Account. 


Total Par 

Value 

Outstanding. 


Amount per Mile 
of Line. 




Miles. 


Amount. 


Capital stock 


$ 17,923,000 
19,470,947 


483.55 
483.55 


$ 37,065 
40,267 






Total - ----- 


37.393,947 


483.55 


77,332 





376 



N. C. CORPORATION COMMISSION. 



CURRENT ASSETS AND LIABILITIES. 



CASH AND CURRENT ASSETS. 

Cash 

Bills receivable 

Due from agents 

Due from solvent companies and individuals 

Traffic balances due from other companies 

Other cash assets (excluding "materials and supplies")* 

Total— Cash and current assets 

Balance— Current liabilities 

Total 

CURRENT LIABILITIES ACCRUED. 

Loans and bills payable 

Audited vouchers and accounts ) 

Wages and salaries J 

Traffic balances due to other companies 

Matured interest coupons unpaid (including coupons due July 1st) 

Rents due July 1st 

Miscellaneous 

Total— Current liabilities 



85,517.12 
55,417.86 
68, 525. 66 
78,113.01 
59,248.94 
119,396.31 



466,218.90 
445,181.23 



911,840.13 



281,000.00 

501,979.75 

20,080.39 

97,730.06 

739.98 

10,309.95 



911,840.13 



*Materials and supplies on hand, $393,034.16. 



NOEFOLK AND SOUTHERI^ ItAILWAY COMPANY. 



377 



ADDITIONS AND BETTERMENTS EXPENDITURES. 



Account. 



Right of way and station grounds 

Real estate 

Protection of banks 

Grade revisions and changes of line 

Bridges, trestles and culverts 

Additional main tracks 

Sidings and spur tracks 

Terminal yards 

Fencing right of way 

Improvement of over and under grade crossings 

Interlocking apparatus 

Block and other signal apparatus 

Telegraph and telephone lines 

Station buildings and fixtures 

Shops, enginehouses and turntables 

Water and fuel stations 

Dock and wharf property 

Electric light and power plants 

Electric-power transmission 

Miscellaneous structures 

Reconstruction of road purchased 

Total— Entire line 

Total-State of North Carolina 



Expenditures 

During Year, 

Charged to 

Capital. 



27.18 

205.00 

2,169.81 

1,521.76 

10, 477. 18 

1.094.95 

7,283.05 

2,791.65 

193.38 

65.90 

368.91 

179. 20 

1,368.89 

5,438.17 

454.40 

1.263.42 

728.56 

23.00 

554.40 

160. 17 

1,103.05 



37,472.03 



30,138.75 



378 



JSr. C. COEPOKATION COMMISSION. 



EXPENDITURES FOR ROAD. 



Road— 

Engineering' 

Right of way and station grounds- 
Real estate 

Grading 

Bridges, trestles and culverts 

Ties 

Rails 

Frogs and switches 

Track fastenings and other material- 
Ballast 

Track laying and surfacing 

Roadway tools 

Fencing right of way 

Crossings and signs 

Interlocking and other signal appa- 
ratus 

Telegraph and telephone lines 

Station buildings and fixtures 

General office buildings and fixtures- 
Shops, enginehouses and turntables- 
Shop machinery and tools 

Water stations 

Grain elevators 

Dock and wharf property 

Electric-power plants 

Electric-power transmission 

Miscellaneous structures 

Transportation of men and material- 
Repairs of equipment 

Earnings and operating expenses 
during construction 

Cost of road purchased-—' 

Total 



Expenditures 
for New Lines 
or Extensions 
During Year, 
Charged to 
Capital. 



46,626.51 

15,524.78 

59, 503. 35 

235,487.76 

412,080.45 

36,082.83 

142,263.65 

14,627.64 

19,505.65 

40,933.54 

187, 937. 14 

1,990.41 

6,149.65 

3,949.22 

5,020.06 

13,932.32 

87,022.58 

229. 93 

8,899.13 

7,012.36 

17,829.65 

^295.32 

31.177.52 

2,393.98 

50.40 

26.28 

361.46 

480. 96 

Cr. 3,292.00 
Cr. 7.000.00 



1,387,102.53 



Expenditures 
for Additions 
and Better- 
ments During 
Year, Charged 
to Capital. 



Total Cost to 
June 30. 1907. 



14.67 

27.18 

205.00 

10, 947. 00 

10,477.18 

1,454.95 

375.87 

559.49 

99.83 



1,409.41 



193.38 
65.90 

548.11 
1,368.89 
5, 438. 17 



1,263.42 



728. 56 

23.00 

554.40 

160.17 



1,103.05 



37.472.03 



20,894,740.86 



Total Cost to 
June 30, 1908. 



22,319,315.42 



WOEFOLK AND SOUTHERN RAILWAY^ COMPANY. 



379 



EXPENDITURES FOR EQUIPMENT, GENERAL EXPENDITURES AND RECAPITULATION. 



Account. 


Expendi- 
tures for 
New Lines 
or Exten- 
sions During 

Year, 

Charged to 

Capital. 


Expendi- 
tures for 
Additions 
and Better- 
ments Dur- 
ing Year, 
Charged to 
Capital. 


Total Cost 
to June 30, 

1907. 


Total Cost 

to June 30, 

1908. 


Equipment— 


$ 1,172.00 
1,364.38 

80,713.96 
5,000.00 

17,164.11 


$ 


$ 


$ 


Passenger train cars 

Freight train cars 

W^ork eauipment 
















Floating eauipment 
















Total 


103,070.45 
















General Expenditures— 


32,680.37 

.55 

73.34 

488,394.60 

521,340.14 
















































Total - - -— 


1,042,489.00 
















Recapitulation— 


1,387,102.53 

103,070.45 

1,042,489.00 


37,472.03 




























Total— Entire line 


2,532,661.98 


■ 37,472.03 


20,894,740.86 


23,464,874.87 


Total— State of North Carolina 


2,037,020.03 


30, 138. 75 




18,872,798.86 








Cost of road, equipment and general 
expenditures per mile of line 








48,526.26 












Total per mile of line— State of North 


39,029.67 













380 



W". C. COEPORATIO]^ COMMISSION. 



INCOME ACCOUNT. 



Operating Income— 








Rail operations: 










$2,182,972.31 


$ 


$ 




1,706,838.81 






476,133.50 




Net operating revenue 






Outside operations: 










81,192.34 








134,410.81 








53,218.47 
422,915.03 














67,800.64 














855 114.39 


Other Income— 








Other rents— Credit : 








Hire of equipment — balance 




47, 030. 57 








16,169.00 
13,459.17 














76,658.74 


Deductions from Gross Corporate Income— 












92, 557. 14 




Other rents-Debit : 












739 706 19 




Other interest 




46,460.32 




Other deductions 




38,983.45 










Total deductions from gross corporate income 




917,707.10 








485, 933. 97 










Balance for year carried forward to debit of profit 
and loss 


485, 933. 97 











NORFOLK AND SOUTHERN RAILWAY COMPANY. 



PROFIT AND LOSS ACCOUNT. 



Balance June 30, 1907 

Additions for Year— 

Employees' relief fund 

Colerain wharf account 

Balance debit June 30, 1908, carried to balance sheet 

Balance for year brought forward from income account 
Deductions for Year— 

Dividends John L. Roper Lumber Co 

Loans John L. Roper Lumber Co. 

Interest John L. Roper Lumber Co 

Claims Hines Bros. Lumber Co. 



Debit. 



485,933.97 

500,000.00 

225,000.00 

164.16 

1.250.00 



1,212,348.13 



Credit. 



$ 834,023.25 

217.10 

94.58 

378,013.20 



1,212,348.13 



382 



X. C. CORPORATION COMMISSION. 



OPERATING REVENUES— State of North Carolina. 



Account. 



Total 
Revenues. 



Revenue from Transportation— 

Freight revenue 

Passenger revenue 

Excess baggage revenue 

Parlor and chair-car revenue 

Mail revenue 

Express revenue 

Total passenger service train revenue 

Switching revenue 

Special service train revenue 

Miscellaneous transportation revenue 

Total revenue from transportation 

Revenue from Operations Other than Transportation 

Station and train privileges 

Parcel-room receipts 

Storage— freight 

Storage — baggage 

Car service 

Telegraph service 

Rents of buildings and other property — 

Miscellaneous 

Total revenue from operations other than transportation 

Total operating revenues — State 

Total operating revenues— Entire line 



$ 1,119,112.10 


533,067.95 


2,729.69 


629.16 


25,672.98 


31,096.53 


593,196.31 


18,003.78 


7,834.86 


705.41 


1,738,852.46 


1,221.19 


7.40 


3, 133. 50 


87.39 


3,973.24 


115.81 


4,303.00 


4,070.63 


16,912.16 


1,755,764.62 


2,182,972.31 



NORFOLK AND SOUTHERN RAILWAY COMPANY. 



883 



RAILWAY STOCKS OWNED. 
ACTIVE CORPORATIONS. 



Name of Corporation and Security. 



Par Value of 

Stocks Owned 

Not Held in 

Sinking or 

Other Funds. 

Unpledged. 



Stocks of Respondent Corporation— 

Norfolk and Southern— Common stock 

Stocks of Corporations whose Property does not form a Part of the 
System of Respondent Corporation— 

Norfolk and Portsmouth Belt Line Railroad Co 

Total 



$ 7.000.00 



7,200.00 



14, 200. 00 



RAILWAY FUNDED DEBT OWNED. 

ACTIVE CORPORATIONS. 



Name of Corporation and Security. 



Par Value of Funded Debt 

Owned Not Held in Sinking 

or Other Funds. 



Unpledged. 



Pledged. 



Rate, 
Per 
Cent. 



Funded Debt of Respondent Corporation- 

N. and S. R. R., first mortgage 

N. and S. R. R., first gen. mortgage 

S. and C. Ry., first consolidated mortgage — 

R. and P. S. R. R., first mortgage 

P. O. and W. R. R.. first mortgage 

N. and S. Ry., first and refunding mortgage 

Equipment trust 

Total 



$ 1,000.00 



2,040.000.00 
50.000.00 



•148,000.00 
550,000.00 



1,000,000.00 
1.140.000.00 



699,000.00 



4,230,000.00 



384 



N". C. COEPOKATION COMMISSION. 



MISCELLANEOUS STOCKS AND FUNDED DEBT OWNED. 
A. OTHER THAN RAILWAY STOCKS. 



Name. 



Total 

Par Value of 

Securities 

Owned. 



John L. Roper Lumber Co. 

Kinston Lumber Co 

Zebulon Co 

Jamestown Exposition Co. 



$ 1,000,000.00 

25,500.00 

10,000.00 

6,500.00 



B. OTHER THAN RAILWAY FUNDED DEBT. 



Name. 



Total 

Par Value 

of Securities 

Owned. 



Rate, 
Per 
Cent. 



Interest 
Accrued. 



Valuation. 



John L. Roper Lumber Co 

Pamlico County bonds — 

North Carolina construction 6 per cent, coupon 
bonds, due 1919 

Kinston Lumber Co., first lien 



$ 10,000,000 
20, 000 

80,000 
3,000 



.00 



107,776.55 



NORFOLK AND SOUTHERN RAILWAY COMPANY. 



385 



OPERATING EXPENSES— Entire Line. 



Account. 



Amount. 


Ratio to Gen- 
eral Account, 
Per Cent. 


Ratio to Total 
Operating 
Expenses, 
Per Cent. 


$ 18, 510. 90 


5.80 




1.08 


3,157.94 


.99 




.19 


58,565.20 


18.34 




3.43 


1,001.97 


.31 




.06 


7,845.28 


2.46 




.46 


139,913.62 


43.83 




8.20 


1,012.45 


.32 




.06 


26,759.97 


8.38 




1.57 


3, 935. 99 


1.23 




.23 


1.524.45 


.48 




.09 


2,378.22 


.74 




.14 


4,108.42 


1.29 




.24 


25,220.87 


7.90 




1.48 


6,648.55 


2.08 




.39 


4,791.45 


1.51 




.28 


2,110.73 


.66 




.12 


360. 14 


.11 




.02 


1,046.94 


.33 




.06 


1,216.03 


.38 




.07 


663.25 


.21 




.04 


8,496.20 


2.66 




.50 


267.30 


.08 




.01 


319 535 87 






1,157.71 


.37 




.07 


1,458.57 


.46 




.09 


319,235.01 


100.00 


18.70 


10,286.35 


2.92 




.60 


53,793.02 


15.26 




3.15 


20,547.00 


5.83 




1.20 


34,585.95 


9.81 




2.03 


386.50 


.11 




.02 


18,112.32 


5.14 




1.06 


71,757.92 


20.36 




4.21 


4,870.04 


1.38 




.28 



Maintenance of Way and Structures— 

Superintendence 

Ballast 

Ties 

Rails 

Other track material 

Roadway and track — - 

Removal of snow, sand and ice 

Bridges, trestles and culverts 

Grade crossings, fences, cattle guards and signs 

Signals and interlocking plants 

Telegraph and telephone lines 

Electric-power transmission 

Buildings, fixtures and grounds 

Docks and wharves 

Roadway tools and supplies 

Work equipment— repairs 

Work equipment — renewals 

Work equipment — depreciation 

Injuries to persons 

Stationery and printing 

Insurance 

Other expenses . 

Total of foregoing accounts 

Maintaining joint tracks, yards and other facilities— Dr. 

Maintaining joint tracks, yards and other facilities— Cr. 

Total— Maintenance of way and structures 

Maintenance of Equipment— 

Superintendence 

Steam locomotives— repairs 

Steam locomotives— depreciation 

Passenger train cars— repairs 

Passenger train cars— renewals 

Passenger train cars — depreciation 

Freight train ears — repairs 

Freight train cars— renewals 

Corp. 2 25 



386 



i^. 



COEPOEATIOK COMMISSION-. 



OPERATING EXPENSES— Entire Une— Continued. 



Account. 



Amount. 



§1 

"I 2^ 



2 2 §u 

4:1 0) ft 1^ 

03 a X a) 



Maintenance of Equipment— Cowfiwwed- 

Freight train cars— depreciation 

Electric equipment of cars — repairs 

Electric equipment of cars— renewals 

Electric equipment of cars— depreciation - 

Floating equipment— repairs 

Floating equipment — depreciation 

Shop machinery and tools 

Power-plant equipment 

Injuries to persons 

Stationery and printing 

Insurance 

Other expenses 

Total of foregoing accounts 

Equipment borrowed— Dr 

Equipment loaned— Cr. 

Total — Maintenance of equipment 

Traffic Expenses— 

Superintendence 

Outside agencies 

Advertising 

Traffic associations 

Fast freight lines 

Industrial and immigration bureaus 

Stationery and printing 

Other expenses 

Total — Traffic expenses 

Transportation Expenses — 

Superintendence 

Dispatching trains 

Station employees 

Weighing and car-service associations 

Stockyards and grain elevators 

Coal and ore docks 

Station supplies and expenses 

Yardmasters and their clerks 

Yard conductors and brakemen 



69,792.01 

6,826.86 

11.27 

6,461.16 

18,857.69 

9,818.62 

6,723.92 

2,196.16 

169. 90 

652. 76 

14,413.49 

8,539.86 



19.81 
1.94 



1.83 
5.35 

2.78 

1.91 

.62 

.05 

.18 

4.09 

2.42 



358,802.80 
31,703.04 
38, 002. 88 



352,502.96 



10.78 
100.00 



24,226.96 
6,288.53 

24,813.89 
2,655.31 
1,381.77 

10,376.94 

7,787.32 

69.76 



31.22 
8.10 

31.98 
3.42 
1.78 

13.37 

10.04 
.09 



4.09 
,40 



1.10 



.13 
.01 
.04 
.84 
.50 



1.86 
2.22 



20.65 



77, 600. 48 



100. 00 



1.45 
.16 
.08 
'.61 
.46 
.01 

4.55 



38,309.89 

12,011.83 

201,081.02 

2,138.12 

53.84 



4.65 

1.46 

24.38 

.26 

.01 



18,335.71 

7,289.32 

13,422.54 



2.22 



2.24 
.70 

11.78 
.13 



1.07 
.43 
.79 



NORFOLK A]N^D SOUTHERN RAILWAY COMPANY. 



387 



OPERATING EXPENSES— Entire Line— Continued. 



Account. 



Amount. 



Q H C 



« qjOh 



43 0) ft j^ 
ctf ft X S 



Transportation Expenses— ConeinMed— 

Yard switch and signal tenders 

Yard supplies and expenses 

Yard enginemen 

Enginehouse expenses— yard 

Fuel for yard locomotives 

Water for yard locomotives 

Lubricants for yard locomotives 

Other supplies for yard locomotives 

Total of last fifteen accounts 

Operating joint yards and terminals— Dr. 

Operating joint yards and terminals— Cr 

Total station and yard expenses 

Motormen 

Road enginemen 

Enginehouse expenses— road 

Fuel for road locomotives 

Water for road locomotives 

Lubricants for road locomotives 

Other supplies for road locomotives 

Operating power plants 

Purchased power 

Road trainmen 

Train supplies and expenses 

Interlockers, blocks and other signals— operation 

Crossing flagmen and gatemen 

Drawbridge operation 

Clearing wrecks 

Telegraph and telephone— operation 

Operating floating equipment 

Express service 

Stationery and printing 

Insurance 

Other expenses 

Loss and damage — freight 

Loss and damage— baggage 

Damage to property 



2,547.08 

213.38 

15,044.75 

1,594.83 

22,195.92 

670.17 

333.55 

146. 50 



.30 
.03 

1.82 
.19 

2.69 
.08 
.04 
.02 



335,388.45 

2,403.76 

201.13 



.29 
.02 



337,591.08 

9, 928. 98 

58,616.27 

10,482.47 

117,439.64 

9,247.89 

2,040.46 

1,671.44 

29,214.63 



1.20 

7.11 

1.27 

14.24 

1.12 

.25 

.23 

3.54 



81,613.22 
16,521.80 
2,251.81 
1,051.98 
4, 660. 84 
3,904.84 
1,403.05 
47,214.95 



2.00 

.27 
.13 
.56 
.47 
.17 
5.71 



12,827.73 

3,528.71 

847.09 

27,201.07 

182.93 

8,009.82 



1.56 
.43 
.10 

3.30 
.02 
.97 



388 



N. C. COEPOKATION COMMISSION. 



OPERATING EXPENSES— Entire Line— Continued. 



Account. 


Amount. 




Ratio to Total 
Operating 
Expenses, 
Per Cent. 


Transportation Expenses— Continued. 


$ 7,646.96 
26,949.93 


.93 
3.27 


45 




1.58 






Total of last twenty-six accounts 


484,458.51 

3,358.43 

653.15 






Operating joint tracks — Dr 


.41 
.08 


20 


Operating joint tracks — Cr 


03 






Total movement expenses 


487.163.79 














824,754.87 


100.00 


48 32 






General Expenses— 


46,671.89 

36,967.30 

10,700.96 

27,005.79 

1,283.72 

5,257.64 

4, 858. 19 


35.16 

27.85 

8.06 

20.34 

.97 

3.96 

3.66 


2 73 




2 16 




.63 




1 58 


Insurance 


08 


Stationery and printing 


31 


Other expenses 


29 








132,745.49 












Total — General expenses-- - 


132,745.49 


100.00 


7 78 






Recapitulation of Expenses— 


319,235.01 
352,502.96 
77.600.48 
824.754.87 
132,745.49 




18 70 






20.65 






4 55 






48 32 


fipTiprnl pvnpncipc; 




7 78 








Total operating expenses 


1,706,838.81 




100 00 








Ratio of operating expenses to operating revenues, 78.19 per 
cent. 

Operating Expenses— State of North Carolina— 


256.760.72 
283,518.13 
62,414.07 
663,350,34 
106,767.19 




18 70 


Maintenance of equipment 




20.65 


Traffic expenses 




4.55 






48.32 






7.78 










1.372,810.45 




100.00 








Ratio of operating expenses to operating revenues, 78.19 per 
cent. 









Is^ORFOLK AND SOUTHERN RAILWAY COMPANY. 



389 



OUTSIDE OPERATIONS. 



Designation. 


Revenues. 


Expenses. 


Net 
Revenue 

or 
Deficit. 




$ 58,859.79 
22,332.55 


$ 105,966.38 
28.444.43 


$47, 106. 59 D 




6 111 88 D 






Total - - 


81,192.34 


134,410.81 


53,218.47 D 





MISCELLANEOUS INCOME. 



Source of Income. 



Gross Income. 



State of North Carolina construction 6 per cent, bonds $ 4,800.00 

Rail leased [ 8,659.17 

Total 13,459.17 



Net 

Miscellaneous 

Income. 



$ 4,800.00 

8, 659. 17 



13,459.17 



RENTS PAYABLE. 

FOR LEASE OF ROAD. 



Name of Lessor. 


Location of Property. 


Guaranteed 

Interest on 

Bonds. 


Cash. 


Total. 


Atlantic and North Carolina R. R.— 


North Carolina 


$ 19,500.00 


$ 73.057.14 


$ 92,557.14 



OTHER DEDUCTIONS FROM INCOME. 



Nature of Deduction. 


Total. 


Remarks. 


V. and C C R R bonds 


$ 38,983.45 


Interest accrued but not paid on $4,250,000 V. and C. 




C. R. R. first mortgage bonds agreed to be deliv- 
ered but cancelled in agreement dated Sept. 11, 
1907. 



390 



liT. C. COEPOEATIOX COMMISSIOJST. 



RECAPITULATION OF HIRE OF EQUIPMENT. 





Amount Carried to Oper- 
ating Expenses. 


Amount Carried to 
Income Account. 


Item. 


Equipment 

Borrowed— 

Dr. 


Equipment 

Loaned— 

Cr. 


Receivable. 


Payable. 


l^^nninrnpnt infprpTinncrprl 


$ 31,703.04 


$ 38,002.88 


$202,259.99 


$155,229.42 





COMPARATIVE GENERAL BALANCE SHEET. 



June 30, 1907. 



Total. 



June 30, 1908. 



Total. 



$23,113,097.30 



2,348,496.32 



231,873.77 



25,693,467.39 



8,368,400.00 
9,140,000.00 
6,933,672.95 

198,566.73 
30,219.18 

188,585.28 

834,023.25 



25,693,467.39 



Cost of road 

Cost of equipment 

i General expenditures 

Stocks owned 

i Funded debt owned 

Other permanent investments 

Discount on obligations issued 

Betterments, account leased lines 

Cash and current assets 

OTHER ASSETS. 

Materials and supplies 

Profit and loss 

Grand total 

LIABILITIES. 

Capital stock 

Funded debt 

Current liabilities 

Accrued interest on funded debt not yet 

Accrued taxes 

Accrued interest on temporary loans 

Equipment replacement 

Profit and loss 

Grand total 



$ 35,582,907.59 



150,000.00 

6,628,277.38 

42,596.55 

466,218.90 

393,034.16 
378,013.20 



43,641,047.78 



17,930,000.00 

24,399,947.86 

911,840.13 

153,847.85 

35,780.59 

209,631.35 



43,641,047.78 



ATQEFOLK AND SOUTHERN RAILWAY COMPANY. 



391 



EMPLOYEES AND SALARIES— State of North Carolina. 



Class. 



General Officers 

Other officers ^ 

General office clerks 

Station agents 

Other station men 

Enginemen 

Firemen 

Conductoj:s 

Other trainmen 

Machinists 

Carpenters 

Other shopmen 

Section foremen 

Other trackmen 

Switch tenders, crossing tenders and watchmen_ 

Telegraph operators and dispatchers .. 

Employees, account floating equipment _, 

All other employees and laborers .. 

Total (including General Officers) 

Less General Officers .. 

Total (excluding General Officers) 

Distribution of Above — 

Maintenance of way and structures 

Maintenance of equipment 

Traffic expenses 

Transportation expenses 

General expenses 

Total (including General Officers) 

Less General Officers 

Total (excluding General Officers) 

Total (including General Officers) — 
Entire line 



Num- 
ber. 



15 
25 

101 

105 

131 
48 
59 
51 

151 
28 
65 

187 
64 

415 
43 
21 
55 

154 



Total 
Number 
of Days 
Worked. 



1,718 
15 



1,703 



540 

229 

24 

843 

82 



1,718 
15 



1,703 



2,101 



4,913 

7,280 
28,764 
35,584 
40,153 
12,827 
11,814 
13,214 
30,060 

5,673 
18,210 
47,486 
17,198 
80,812 
12,274 

6,704 
21,484 
53,446 



Total 
Yearly 
Compensa- 
tion. 



Average 

Daily 
Compen- 
sation. 



447,896 
4,913 



442,983 



114,281 

60,096 

7,949 

245,956 
19,614 



447,896 
4,913 



442,983 



556,877 



$ 44,591.78 
36,428.69 
56,038.80 
44,252.08 
60,235.47 
45,019.89 
19,127.50 
36,188.02 
44,729.62 
14,861.73 
34,178.22 
82,912.96 
28,521.27 
90,019.62 
14,737.05 
15,647.00 
31,627.23 
83,107.93 



782,224.86 
44,591.78 



737,633.08 



150,008.63 
114,304.53 

23,803.41 
421,268.69 

72,839.60 



782,224.86 
44,591.78 



737,633. 



972,553.60 



392 



]Sr. C. CORPORATIOJS" COMMISSION". 



TRAFFIC AND MILEAGE STATISTICS— Entire Une. 



Item. 


Column for 

Number 

Passengers, 

Tonnage, Etc. 


Columns for Revenue 
and Rates. 


Passenger Traffic — 

Number of passengers carried earning revenue. - 


2,033,603 
41,951,983 

75,252 
20.63 


Dollars. 


Cts. 


Mills. 


Number of passengers carried one mile - 








Number of passengers carried one mile per mile 








Average distance carried — miles _ _ 








Total passenger revenue 


662,772 


53 
32 
01 
16 
95 
58 




Average amount received from each passenger.. 




591 


Average receipts per passenger per mile 




580 


Total passenger service train revenue 




737,531 
1,322 




Passenger service train revenue per mile of road 






Passenger service train revenue per train mile. 




706 


Freight Traffic — 

Number of tons carried of freight earning revenue 


1,114,166 
68,461,727 
122,804 
61.45 






Number of tons carried one mile . ... 








Number of tons carried one mile per mile of road 








Average distance haul of one ton — miles 








Total freight revenue 


1,391,911 
1 


29 
24 
02 
85 
54 

31 
71 
42 
81 
64 
11 
50 
07 




Average amount received for each ton of freight 




883 


Average receipts per ton per mile.. 




032 






2,495 
2 

2,182,972 

3,915 

1 

1,706,838 

3,061 

1 

476,133 

854 








034 


Total Traffic — 
















321 


















285 














Average number of passengers per car mile 

Average number of passengers per train mile 

Average number of passenger cars per train mile. 

Average number of tons of freight per loaded 
car mile 


15 
33 
2.24 

12.09 

124.99 

13.83 

10.34 

3.07 

557.49 






















Average number of tons of freight per train mile. 
Average number of freight cars per train mile. . . 
Average number of loaded cars per train mile . . 
Average number of empty cars per train mile . . 
A^j'prno'p milpaffp nrtpratpd diirinfi" vear 









































NORFOLK AND SOUTHERN RAILWAY COMPANY. 



393 



TRAFFIC AND MILEAGE STATISTICS— Entire Line— Continued. 



Classification. 



Locomotive Mileage — Revenue Service — 

Freight locomotive miles 

Passenger locomotive miles 

Mixed locomotive miles 

Special locomotive miles 

Switching locomotive miles 

Total in revenue service 

Nonrevenue service locomotive miles 

Car Mileage — Revenue Service: 
Freight Car Miles— 

Loaded 

Empty 

Caboose 

Total 

Passenger Car Miles — 

Passenger 

Total 

Total in revenue service 

N onrevenue service car miles 

Train Mileage — Revenue Service — 

Freight train miles 

Passenger train miles 

Mixed train miles 

Total revenue train mileage 

Nonrevenue service train miles 



Item. 



238,053 
457,421 
271,175 
2,898 
252,141 



5,663,504 

1,683,588 
229,667 



2,817,818 



277,448 
986,028 
270,278 



Total. 



1,221,688 



78,754 



7,576,759 



2,817,818 



10,394,577 



303,407 



1,533,754 



79,954 



394 



N. C. COKPOEATION COMMISSIOK. 



TRAFFIC AND MILEAGE STATISTICS— State of North Carolina. 



Item. 


Column for 

Number 

Passengers, 

Tonnage, Etc. 


Columns 
and 


for Re 
Rates 


venue 


Passenger Traffic — 




Dollars. 


Cts. 


Mills. 


Number of passengers carried earning revenue 


1,635,627 








Number of passengers carried one mile 


33,741,980 








Number of passengers carried one mile per mile 
of road — 


65,705 








Average distance carried — miles 


20.63 








Total passenger revenue 




533 067 


95 




Average amount received from each passenger 






32 


591 


Average receipts per passenger per mile 






01 


580 


Total passenger service train revenue 




593,196 


31 




Passenger service train revenue per mile of road 




1,267 


84 




Pa'^senger service train revenue per train mile 






58 


706 


Freight Traffic — 










Number of tons carried of freight earning revenue 


896,124 








Number of tons carried one mile 


55,063,767 








Number of tons carried one mile per mile of road 


117,687 








Average distance haul of one ton — miles 


61.45 








Total freight revenue 




1,119,112 


10 




Average amount received for each ton of freight 




1 


24 


883 


Average receipts per ton per mile 






02 


032 


Freight revenue per mile of road 




2,391 


88 




Freight revenue per train mile 




2 


54 


034 


Total Traffic — 














1,755,764 


62 








3,752 


59 








1 


42 


321 






1,372,810 


45 








2,934 


11 








1 


11 


285 






382,954 


17 








818 


49 




Average number of passengers per car mile 

Average number of passengers per train mile — 
Average number of passenger cars per train mile. 
Average number of tons of freight per loaded 


15 








33 








2 24 








12.09 








Average number of tons of freight per train mile- 
Average number of freight cars per train mile.. 
Average number of loaded cars per train mile . - 
Average number of empty cars per train mile .. 
x^rfraff milpfls'p nnpra.ted durinff vear 


124.99 








13 83 








10 34 








3 07 








467.88 

















NORFOLK AND SOUTHERN RAILWAY COMPANY. 



395 



TRAFFIC AND MILEAGE STATISTICS— State of North Carolina— Continued. 



Classification. 


Item. 


Total. 


Locomotive Mileage — Revenue Service — 
Freight locomotive miles _ _ 


191,466 
367,904 
218,106 
2,331 
202,797 




Passenger locomotive miles 




Mixed locomotive miles ._ .__ ._ 








Switching locomotive miles 








Total in revenue service . 




982 604 








Nonrevenue service locomotive miles. _ 




63 342 


Car Mileage — Revenue Service: 
Freight Car Miles — 

Loaded _. _ . . .. 


4,555,156 

1,354,110 

184,721 


_; 


Empty _ 




Caboose 








Total 




6,093,987 








Passenger Car Miles — 

Passenger -- -_ _.- _ 


2,266,371 








Total 




2 266 371 








Total in revenue service. . ___ _._ ._ 




8,360,358 








Nonrevenue service car miles _ 




244 030 


Train Mileage — Revenue Service — 

Freight train miles _ . _ 


223,151 
793,062 
217,385 




Passenger train miles.. .. ._ . . 




Mixed train miles 








Total revenue train mileage 




1,233,598 








Nonrevenue service train miles ._ ._ _ 




64,307 









396 



N. C. CORPORATIOJN" COMMISSION. 



FREIGHT TRAFFIC MOVEMENT— State of North Carolina. 
COMPANY'S MATERIAL EXCLUDED. 



Commodity. 


Freight 

Originating 

on this 

Road. 


Freight 

Received 

from 

Connecting 

Roads and 

Other 

Carriers. 


Total Freight Tonnage. 


Products of Agriculture — 

Grain ._ _ _ 


Whole Tons. 
11,885 

8,016 
18,732 

3,523 

8,077 
11,058 
46,301 

8,159 


Whole Tons. 
3,940 
5,687 
2,980 
4,993 
760 
1,926 
6,555 
1,325 


Whole Tons. 
15,825 
13,703 
21,712 
8,516 
8,837 
12,984 
52,856 
9,484 


Per Cent. 
1 76 


Flour -_ - 


1 53 




2.42 


Hay - -- 


.95 




.99 


Cotton 


1,45 




5.90 




1.06 






Total -- _ - 


115,751 


28,166 


143,917 


16.06 






Products of Animals — 

Live stock - _ _ _ _ 


1,095 

225 

4,304 

7,775 

18 

206 


260 

59 

2,404 

2,158 

1 

28 


1,355 

284 

6,708 

9,933 

19 

234 


.15 


Dressed meats - _ _ _ 


.03 


Other paclcing-house products 


.75 
1.11 


Wool - - - 




Hides and leather 


.03 






Total 


13,623 


4,910 


18,533 


2.07 






Products of Mines — 
Anthracite coal 


1,597 

2,041 

2 

23,805 

1,901 


553 

55,787 

376 

2,004 

645 


2,150 

57,828 

378 

25,809 

2,546 


.24 


Bituminous coal 


6.45 


Coke - - 


.04 


Stone, sand and other like articles 

Other products of mines 


2.88 
.28 






Total .. - -- - 


29,346 


59,365 


88,711 


9.89 






Products of Forests — 


216,409 
215,901 


11,279 
3,220 


227,688 
219,131. 


25.41 


Other products of forests 


24.46 






Total - - - 


432,310 


14,509 


446,819 


49.87 






Manufactures — 

Petroleum and other oils 


4,832 
2,279 

718 


1,997 

1,293 

133 

163 

5,548 


6,829 

3,572 

851 

163 

6,385 


.76 


Sugar. -- - 


.40 


Naval stores 


.09 




.02 


Iron and steel rails 


837 


.71 



N^OEFOLK AND SOUTHER!^ RAILWAY COMPANY. 



397 



FREIGHT TRAFFIC MOVEMENT— State of North Carolina— Continued. 



Commodity. 


Freight 

Originating 

on this 

Road. 


Freight 

Received 

from 

Connecting 

Roads and 

Other 
Carriers. 


Total Freight Tonnage. 


Manufactures — Continued — 

Other castings and machinery 

Bar and sheet metal 


Whole Tons. 

1,666 

195 

36,776 

499 

569 

1,069 

2,641 

53,951 


Whole Tons. 

2,649 

1,338 

9,703 

198 

395 

796 

2,084 

24,110 


Whole Tons. 

4,315 

1,533 

46,479 

697 

964 

1,865 

4,725 

78,061 


Per Cent. 
.48 
.17 


Cement, brick and lime _ 


5.18 


Agricultural implements 


.08 


Wagons, carriages, tools, etc 

Wines, liquors and beers 


.11 
.21 


Household goods and furniture 

Other manufactures 


.53 

8.71 






Total 


106,032 


50,407 


156,439 


17.45 






Merchandise 

Miscellaneous — 

Other commodities not mentioned above 


14,292 
12,873 


4,764 
9,778 


19,056 
22,651 


2.13 
2.53 


Total tonnage— State 


724,227 


171,899 


896,126 


100.00 






Total tonnage — Entire line 


900,440 


213,726 


1,114,166 









398 



N. C. COEPOEATION COMMISSION. 



DESCRIPTION OF EQUIPMENT— Entire Line. 





Number 
on 

June 30, 
1907. 


Number 
Added 
During 
Year. 


Number 

Retired 

During 

Year. 


Number 

on 

June 30, 

1908. 


Number Fitted With 


Item. 


Train 
Brake. 


Automatic 
Coupler. 


Locomotives — Owned or Leased: 


40 

20 

6 






40 

20 

6 


40 

20 

6 


40 

20 

6 


Freiglit . 






Switcliing 














Total locomotives in service. - 


66 
13 






66 
13 


66 
13 


66 


Less locomotives leased 






13 










Total locomotives owned 


53 






53 


53 


53 










Cars — Owned or Leased: 
In Passenger Service — 
First-class cars 


55 
13 

1 

22 
34 






55 
12 

1 

23 
34 


55 

12 

1 

23 
34 


55 


Combination cars 




1 


12 


Parlor cars 




1 


Baggage, express and postal 
cars 


1 




23 


Other cars in passenger service- 










Total 


125 


1 


1 


125 


125 


91 






In Freight Service — 
Box cars 


1,374 

541 

6 

63 

2 

245 


75 


18 

20 

2 


1,431 

521 

4 

63 

1 

274 


1,405 
460 

2 

63 


1,431 
521 


Flat cars 


Stock cars 




4 


Coal cars 




63 


Refrigerator cars 




1 
1 


1 


Other cars in freight service. -. 


30 


' 


60 


Total 


2,231 


105 


42 


2,294 


1,933 


2,080 


In Company's Service — 
Officers' and pay cars 


1 
1 
17 






1 

1 

17 


1 


1 


Derrick cars 






1 


Caboose cars 


1 


1 




17 








Total 


19 


1 


1 


19 


1 


19 






Total cars in service 

Less cars leased 


2,375 
377 


107 


44 
6 


2,438 
371 


2,059 

278 


2,190 

278 








Total cars owned 


1,998 


107 


38 


2,067 


1,781 


1,912 







NORFOLK AND SOUTHERN RAILWAY" COMPANY. 



399 



MILEAGE— Entire Line. 
B. MILEAGE OF LINE OPERATED, BY STATES. 





Line Owned. 


Line 

Operated 

Under 

Lease. 


Line 
Operated 

Under 
Trackage 
Rights. 


Total 
Mileage 
Oper- 
ated. 


New 
Line 
Con- 
structed 
During 
Year. 


Rails. 


State. 


Main 
Line. 


Branches 

and 

Spurs. 


Steel. 


Virginia - - 


109.43 
371.38 


1.24 
1.50 




3.17 


113.84 

467.88 


97.60 


110 67 


North Carolina 


95.00 


467 88 








Total mileage operated 


480.81 


2.74 


95.00 


3.17 


581.72 


97.60 


578.55 







C. MILEAGE OF LINE OWNED, BY STATES. 





Line Owned. 


Total 
Mileage 
Owned. 


New 
Line 
Con- 
structed 
During 
Year. 


Rails. 


State. 

• 


Main 
Line. 


Branches 

and 

Spurs. 


Steel. 




109.43 
371.38 


1.24 
1.50 


110.67 
372. 88 




110.67 


North Carolina - __ _ __ 


97.60 


372.88 








480.81 


2.74 


483. 55 


97.60 


483 55 







TAXES AND ASSESSMENTS. 
FOR REPORTING COMPANY'S OWNED AND PROPRIETARY LINES. 





Ad Valorem Tax. 


Specific Tax. 




State. 


On the 
Value of 
Real and 
Personal 
Property. 


On the 
Value of 
Stocks or 
Bonds, or 
on Valua- 
tion Based 
on Earn- 
ings, Divi- 
dends or 

Other 
Results of 
Operation. 


On 

Stocks, 

Bonds, 

Loans, 

Etc. 


On 
Gross 
or Net 
Earnings, 
Revenue, 
or Divi- 
dends. 


On 
Traffic, 
or Some 
Physical 
Quality 

of 
Property 
Operated. 

or on 
Privilege. 


Total. 




$25,673 88 


$ 

211.39 


$ 75.00 


$ 4,407.07 


$- 


$ 30,155.95 
37,644.69 
13,863.80 


North Carolina — - 


36,328.70 
13,863.80 


1,104.60 


N. C.-(A. & N. C. R. R. Leased) 






Total 


75,866.38 


211.39 


75.00 


4,407.07 


1,104.60 


81,664.42 



400 



N. C. COKPORATION COMMISSIO]^. 



Norfolk and Western Railway Company. 

OFFICERS. 



Title. 



Name. 



Location of OflBce. 



Chairman of tlie Board 

President 

First Vice-President 

Second Vice-President 

Third Vice-President 

Secretary 

Treasurer 

General Solicitor 

General Counsel 

Comptroller 

Auditor of Receipts 

Assistant Auditor of Disbursements _ 

General Manager 

Chief Engineer 

General Superintendent, E. Division. 
General Superintendent, W. Division 

Division Superintendent 

Division Superintendent 

Division Superintendent 

Division Superintendent 

Division Superintendent 

Superintendent of Telegraph 

Traffic Manager 

General Freight Agent 

Assistant General Freight Agent 

General Passenger Agent 



Henry Fink 

L. E. Johnson 

William G. Macdowell 

N. D. Maher 

T. S. Davant 

E. H. Alden 

Joseph B. Lacy 

Theo. W. Heath 

Joseph I. Doran 

Joseph W. Coxe 

Walter Macdowell 

Wm. H. Wilson 

N. D. Maher 

Charles S. ChurchilL. 

A. C. Needles 

George P. Johnson .- 

J. F. Carey 

V. A. Riton 

J. W. Cook 

W. S. Becker 

E. A. Blake 

W. C. Walstrum 

T. S. Davant 

J. R. Ruffln 

Delas Thomas 

W. B. Bevill 



New York, N. Y. 
Roanoke, Va. 
Philadelphia, Pa. 
Roanoke, Va. 
Roanoke, Va. 
Philadelphia, Pa. 
Roanoke, Va. 
Philadelphia, Pa. 
Philadelphia, Pa. 
Roanoke, Va. 
Roanoke, Va. 
Roanoke,*Va. 
Roanoke, Va. 
Roanoke, Va. 
Roanoke, Va. 
Bluefield, W. Va. 
Roanoke, Va. 
Crewe, Va. 
Roanoke, Va. 
Bluefield, W. Va. 
Portsmouth, Ohio. 
Roanoke, Va. 
Roanoke, Va. 
Roanoke, Va. 
Roanoke, Va. 
Roanoke, Va. 



DIRECTORS. 

Henry Fink, New York, N. Y.; Joseph I. Doran, Philadelphia, Pa.; Walter H. Taylor, Nor- 
folk, Va.; L. E. Johnson, Roanoke, Va.; John P. Green, Philadelphia, Pa.; Samuel Rea, Phila- 
delphia, Pa.; Wm. G. Macdowell, Philadelphia, Pa.; Victor Morowitz, New York, N. Y.; H. C. 
Frick, Pittsburg, Pa.; Joseph Wood, Pittsburg, Pa.; L. C. Weir, New York, N. Y. 



NORFOLK AND WESTERN RAILWAY COMPANY. 



401 



PROPERTY OPERATED. 





Termini. 


Miles of 

Line for 

Each Road 

Named. 


Miles of 
Line for 


Name. 


From — 


To— 


Each Class 
of Roads 
Named. 


1 A. — Norfolk and West- 
ern Railway . . . 


Lamberts Point, Va._ 

Lynchburg, Va 

Roanoke, Va 

Roanoke, Va 

Radford Jet., Va 

North Carolina Jet., 
Va 


Caldwell Jet., 0.__:_ 

Durham, N. C 

Hagerstown, Md 

Winston-Salem, N. C. 
Bristol Va 


703.76 
115.43 
238.11 
121.30 
110.75 

43.49 
100.40 

105.92 






Fries, Va. 


- 




Graham, Va 

Portsmouth, 

Petersburg, Va 

Glade Spring, Va. _ _ . 
Reed, Va._ 


Norton, Va. 






Cincinnati and Ivory- 
dale 






City Point, Va 

Saltville, Va 

Betty Baker, Va 


1,539.16 


1 B.— Norfolk and West- 
ern Railway - - - 


10.00 
9.33 
12.38 
16.44 
12.61 
42.24 
10,79 
14.80 
10.96 
29.43 
18.92 
59.16 
92.16 




Speedwell Jet., Va.__ 

Fries Jet., Va 

Bluestone, W. Va. . . _ 
North Fork, W. Va._. 

Welch, W. Va 

Clear Fork Jet., W.Va. 

Jarger, W. Va 

Sardinia, 0. 






Galax, Va. 






Terminals, W. Va 

Terminals, W. Va 

Pageton, W. Va. 

Coalwood, W. Va 

Canebrake, W. Va. . . 

Hillsboro, 

Kenova, W.Va 

Industries 






Naugatuck, W. Va.-_ 
Branches and Spurs _ 

Caldwell Jet 






Columbus, 

Forest Va. 


339.22 
3 51 


Columbus Conn, and 
Terminal R. R. . 


23.72 

.43 

.63 

3.62 

9.00 
.30 


Lynehburg Belt Line and 
Conn. Ry. 


Phoebe, Va. 




Southern Railway 


Southern Ry. Jet 

Cumberland Valley 
R. R. Jet 

Idlewild 0. 


Durham (Union 
Depot) . . - 




Cumberland Valley Rail- 
road 


Hagerstown, Md 

Cincinnati, O. (Court 
Street) 




Cincinnati, Lebanon and 
Northern Railway 




Pittsburg, Cincinnati, 
Chicago and St. Louis 
Railway 


Clare O 


Cincinnati, 0. (Pearl 
St ) 




B. & O. and P. C. C. and 
St. Louis Railway . 




Columbus, 0. (Union 
Station) 










37.70 




41.69 
45.65 


Total _ 


1,919.59 




Virginia State Line _ . 
Virginia State Line. _ 


Durham 


Mileage in North Caro- 
lina — Main Line 






Winston-Salem 


87.34 


Belt Line at Durham 


2.48 
.43 


Southern Railway 


Southern Railway 
Jet 


Durham (Union 
Depot) 


2 91 










Total 




90.25 









Corp. 2- 



-26 



402 



N. C. CORPORATION COMMISSION. 



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NORFOLK AND WESTERN RAILWAY COMPANY. 



403 



FUNDED DEBT— Continued. 

EQUIPMENT TRUST OBLIGATIONS. 

A. GENERAL STATEMENT. 



Series or Other 
Designation. 


Date of 

Issue. 


Term. 


o_2 

IS 


Equipment Covered. 


Equip, trust, March 1, 1902. 


Mar. 1, 1902 


Sept. 1, 1911 


7 


53 locomotives. 

4 baggage and express cars. 

2 baggage and mail cars. ^ 

25 passenger coaches. 

1,000 box cars. 

500 flat cars. 

2,000 D. B. gondola cars. 

1,500 hopper cars. 


Equip, trust, series "A" 


Apr. 1, 190.3 


Jan. 1, 1913 


9 


25 locomotives. 
500 steel coke cars. 


Equip, trust, series "B" 


June 1, 1903 


Mar. 1, 1913 


10 


74 locomotives. 


Equip, trust, series "C" 


Apr. 3, 1905 


Apr. 1, 1915 


10 


17 locomotives. 
2,000 hopper cars. 


Equip, trust, series "D" 


Nov. 3, 1905 


Nov. 1, 1915 


10 


9 locomotives. 

1,000 H. B. gondola cars. 


Equip, trust, series "E" 


Dec. 4, 1905 


Dec. 1, 1915 


10 


5 locomotives. 

500 box cars. 

300 hopper cars. "^ 

175 coke cars. 


Equip, trust, series "F" 


Feb. 3, 1906 


Feb. 1, 1916 


10 


9 locomotives. 
500 hopper cars. 
325 coke cars. 


Equip, trust, series "G" 


May 3, 1906 


May 1, 1916 


10 


41 locomotives. 
390 hopper cars. 


Equip, trust, series "H" 


June 5, 1906 


June 1, 1916 


10 


8 locomotives. 
300 hopper cars. 
600 box cars. 


Equip, trust, series "J" 


July 5, 1906 


July 1, 1916 


10 


25 locomotives. 
300 hopper cars. 
400 box cars. 


Equip, trust, series "K" 


Aug. 3, 1906 


Aug. 1, 1916 


10 


12 locomotives. 
895 hopper cars. 


Equip, trust, series "L" 


Dec. 3, 1906 


Dec. 1, 1916 


10 


30 locomotives. 
545 hopper cars. 


Equip, trust, series "M" 


Mar. 4, 1907 


Mar. 1, 1917 


10 


3 locomotives. 

500 D. B. gondola cars. 

490 hopper cars. 


Equip, trust, series "N" 


Apr. 4, 1907 


Apr. 4, 1917 


10 


500 D. B. gondola cars. 
500 hopper cars. 


Equip, trust, series "0" 


June 4, 1907 


June 1, 1917 


10 


300 stock cars. 

300 D. B. gondola cars. 

430 hopper cars. 



404 



N. C. CORPORATION COMMISSION. 



FUNDED DEBT— Continued. 
STATEMENT OF AMOUNT. 



Series or Other Designation. 



Equip, trust, 
Equip, trust, 
Equip, trust. 
Equip, trust, 
Equip, trust. 
Equip, trust. 
Equip, trust, 
Equip, trust-, 
Equip, trust. 
Equip, trust. 
Equip, trust. 
Equip, trust, 
Equip, trust. 
Equip, trust. 
Equip, trust. 
Total-.- 



March 1, 1902 

series "A" 

series "B" 

series "C" 

series "D" 

series "E" 

series "F" 

series "G" 

series "H" _. 

series "J" 

series "K" __ 

series "L" 

series "M" ._ 
series "N" __ 
series "O" 



Cash Paid 
on Delivery 

of 
Equipment. 



$1,500,478.00 
234,499.31 
176,085.50 
24,082.92 
23,407.00 
27,055.40 
53,661.32 
24,415.20 
33,131.72 
43,295.43 
37,567.02 
27,914.35 
48,739.56 
47,075.00 
52,856.10 



2,354,263.83 



Deferred Payments- 
Principal. 



Original 
Amount. 



$3,500,000.00 
1,000,000.00 
1,000,000.00 
2,000,000.00 
1,000,000.00 
1,000,000.00 
1,000,000.00 
1,000,000.00 
1,000,000.00 
1,000,000.00 
1,000,000.00 
1,000,000.00 
1,000,000.00 
1,000,000.00 
1,000,000.00 



18,500,000.00 



Amount 
Outstanding. 



$2,000,000. 
600,000. 
600,000. 
1,400,000. 
800,000, 
800,000. 
800,000. 
800,000, 
800,000 
800,000, 
900,000, 
900,000, 
900,000 
900,000 
900,000 



Deferred Payments- 
Interest. 



Amount 

Accrued 

During 

Year. 



.00 $83,333.34 



13,900,000.00 442,666.66 



26,000.00 
26,666.66 
62,000.00 
33,333.33 
33,666.67 
34,333.33 
35,333.33 
35,666.66 
36,000.00 
36,333.33 



Amount 
Paid 

During 
Year. 



$90,000.00 
26,000.00 
28,000.00 
64,000.00 
34,000.00 
34,000.00 
36,000.00 
36,000.00 
36,000.00 
36,000.00 
38,000.00 



458,000.00 



NORFOLK AND WESTERN RAILWAY COMPANY. 



405 



RECAPITULATION OF CAPITALIZATION. 



Account. 


Total 

Par Value 

Outstanding. 


Assignment 

to 
Railways. 


Amount 
Per Mile of Line. 




Miles. 


Amount. 


Capital stock 


$ 89,000,000 
111,765,500 


$ 89,000,000 
111,765,000 


1,881.89 
1,881.89 


$ 47,293 


Funded debt- _._ 


59,390 






Total 


200,765,500 


200,765,500 


1,881.89 


106,683 







CURRENT ASSETS AND LIABILITIES. 



CASH AND CURRENT ASSETS. 

Cash 

Bills receivable 

Due from agents '_ 

Due from solvent companies and individuals 

Traffic balances due from other companies 

Other cash assets (excluding materials and supplies)* 

Total cash and current assets 

Balance — Current liabilities 

Total 

CURRENT LIABILITIES ACCRUED. 

Loans and bills payable 

Audited vouchers and accounts 

Wages and salaries 

Traffic balances due to other companies 

Dividends not called for 

Matured interest coupons unpaid (including coupons due July 1) 

Miscellaneous 

Total — Current liabihties 

Total 

*Materials and supplies on hand, $2,778,175.52. 



$ 6,019,352.16 

770.47 

567,018.35 

3,095,114.88 

663,401.17 

40,971.62 



10,386,628.65 



315,535.23 



10,702,163. 



7,500,000.00 

990,870.56 

822,593.50 

47,726.85 

8,661.00 

329,602.00 

1,002,709.97 



10,702,163.88 



10,702,163.88 



406 



N. C. CORPORATIOI^ COMMISSIOiq". 



ADDITIONS AND BETTERMENTS EXPENDITURES. 



Account. 



Expenditures During Year. 



Right of way and station grounds.. 

Widening cuts and fills 

Protection of banks 

Grade revisions and changes of line. 
Tunnel improvements 

Bridges, trestles and culverts 



Ballast . 



Additional main tracks 

Sidings and spur tracks 

Terminal yards 

Fencing right of way 

Track elevation, elimination of grade crossings, etc 

Interlocking apparatus 

Block and other signal apparatus 

Telegraph and telephone lines 

Station buildings and fixtures 

Shops, enginehouses and turntables 

Shop machinery and tools 

Water and fuel stations 

Miscellaneous structures 

Reconstruction of road purchased 

Steam locomotives 

Passenger train cars 

Freight train cars 

Total entire line 

Total — State of North Carolina 



Charged to 
Capital. 



244,937.50 



1,163,322.09 
162,250.80 
720,511.40 



Charged to 
Special 
Funds. 



4,500.65 



95,733. 
56,469. 



19,704.93 



860.31 
1,597,220.74 



1,749,952.89 



5,815,464. 



235,160.46 



45,370.60 
68,158.65 
85,318.51 
23,315.07 
2,626.41 

294,753.07 
722.02 

924,953.50 
143.15 
12,894.48 
11,090.50 
10,191.97 
78,547.16 
973.08 
19,478.12 
35,465.36 
20,662.05 

141,828.77 
21,520.57 
12,177.72 



119,874.16 

6,408.37 

344,920.93 



2,281,394.22 



24,201.08 



Total. 



259,361.54 



NORFOLK AND WESTERN RAILWAY COMPANY. 



407 



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Is 






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05 


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408 



If. C. COEPORATION COMMISSIOl^. 



oo 









02 



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c^ e<i 



^ -^ Z 



IC t-H i-H 



Ili •-- .S 



W W ^ H 



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ITORFOLK AND WESTERN RAILWAY COMPANY. 



409 



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s g s 



2 S 



S S 



410 



N. C. CORPORATION COMMISSION". 



INCOME ACCOUNT. 



Operating Income — 
Rail operations: 


$28,962,217.15 
18,559,487.32 


$10,402,729.83 
22,280.60 




Operating expenses 








Net operating revenue 






Outside operations: 

Revenues _ _ _ 


120,404.00 
98,123.40 


























10,425,010.43 
1,020,800.00 
















Operating income _ _ _ - 




$9,404,210.43 


Other Income — 
Other rents — Credits: 

Hire of eouipment — balance 


504,340.18 
35,749.76 
50,786.12 


590,876.06 

13,204.16 

64,743.82 
118,073.59 
43,510.05 








Miscellaneous rents 








Total 






Dividends declared on stocl^s owned or con- 
trolled - - - - - 






Interest accrued on funded debt owned or 






Interest on other securities, loans and discounts 






Miscellaneous income 












Total other income 




830,407.68 










Gross corporate income 


10,234,618.11 


Deductions from Gross Corporate Income — 
Other rents— Debits: 


122,699.27 


122,699.27 

11,914.12 

4,227,680.00 

120,596.77 

223,611.66 








Separatelv operated properties — loss 












Other interest _ ^ ^ _ 






Other deductions 












Total deductions from gross corporate income 




4,706,501.82 










Net corporate income 


5,528,116.29 


Disposition of Net Corporate Income — 
Dividends declared on preferred stock: 
2 per cent payable Aug 16, 1907 


459,822,00 
459,834.00 


919,656.00 
1,360,000.00 




2 per cent, payable Feb. 19, 1908 








Total 
















2,279,656.00 






Balance for year carried forward to credit 


3,248,460.29 











N^ORFOLK AI^D WESTERN RAILWAY COMPANY. 



411 



PROFIT AND LOSS ACCOUNT. 





Debit. 


Credit. 


Balance June 30, 1907 - . _. 


$ 


$ 4,472,405.57 


Balance for year brought forward from income account 




3,248 460 29 


Additions for Year — 










300.00 








Deductions for Year — 


7,721,165.86 




347,280.00 




Dividends Declared Out of Surplus — 






On common stock — 2* per cent, payable Dec. 18, 1907 


1,611,730.00 




2 per cent, payable June 18, 1908 


1,289,384.00 




Balance credit June 30 1908 carried to balance sheet 


4,472,771.86 










7,721,165.86 





OPERATING REVENUES— Slate of North Carolina. 



Account. 



Total 
Revenues. 



Revenue from Transportation — 

Freight revenue 

Passenger revenue 

Excess baggage revenue 

Mail revenue 

Express revenue 

Other passenger train revenue 

Total passenger service train revenue 

Switching revenue 

Special service train revenue 

Total revenue from transportation 

Revenue from Operations Other than Transportation— 

Station and train privileges 

Storage — freight 

Storage — baggage 

Car service 

Miscellaneous 

Total revenue from operations other than transportation 

Total operating revenues — State 

Total operating revenues — Entire line 



396,068.42 



66,183.10 


885.40 


6,838.95 


5,059.11 


16.58 


78,983.14 


3,241.50 


580.00 


478,873.06 


495.62 


564.34 


15.65 


1,035.00 


40.21 


2,150.82 


481,023.88 



28,962,217.15 



412 



N. C. COBPOEATION COMMISSION. 



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NORFOLK AND WESTERN RAILWAY COMPANY. 



413 



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414 



]Sr. C. COEPOEATION COMMISSIONS^. 



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NORFOLK AND WESTERN RAILWAY COMPANY. 



415 



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416 



2Sr. C. CORPOEATION COMMISSIOIS^. 



OPERATING EXPENSES— Entire Line. 



Account. 



Maintenance of Way and Structures — 

Superintendence 

Ballast 

Ties ■ _ . 

Rails -_• 

Other track material 

Roadway and track 

Removal of snow, sand and ice 

Tunnels 

Bridges, trestles and culverts 

Over and under grade crossings 

Grade crossings, fences, cattle guards and signs. 

Snow and sand fences and snow sheds 

Signals and interlocking plants 

Telegraph and telephone lines 

Buildings, fixtures and grounds 

Docks and wharves 

Roadway tools and supplies 

Work equipment — repairs 

Work equipment — renewals 

Work equipment — depreciation 

Injuries to persons 

Stationery and printing 

Insurance 

Other expenses 

Total of foregoing accounts 



Maintaining joint tracks, yards and other facili- 
ties — Dr 



Maintaining joint tracks, yards and other facili- 
ties — Cr 



Total — Maintenance of way and structures. 
Maintenance of Equipment — 

Superintendence 

Steam locomotives — repairs 

Steam locomotives — depreciation 

Passenger train cars — repairs _* 

Passenger train cars — depreciation 

Freight train cars — repairs 



Amount. 



$ 121,362.85 

45,116.85 

340,040.10 

161,825.39 

181,683.39 

1,375,875.58 

11,635.55 

23,262.13 

430,905.32 

6,340.40 

38,596.65 

56.97 

152,034.80 

26,831.85 

353,366.86 

22,998.59 

61,549.83 

45,370.17 

5,232.28 

8,139.23 

12,680.42 

4,776.76 

14,636.92 

603.24 



3,444,922.13 
31,355.89 
18,190.03 



Ratio to 

General 

Account, 

Per Cent. 



3,458,087.99 



102,802.54 

1,410,775.28 

205,152.45 

243,983.77 

34,076.42 

2,066,564.69 



3.51 

1.31 

9.83 

4.68 

5.26 

39.79 

.34 

.67 

12.46 

.18 

1.11 



4.37 

.78 

10.22 

.67 

1.78 

1.31 

.15 

.24 

.37 

.14 

.42 

.02 



99.61 
.91 
.52 



100.00 



2.17 
30.12 
4.38 
5.20 

.72 
44.13 



Ratio to 

Total 
Operating 

Expenses, 
Per Cent. 



NORFOLK AND WESTERN RAILWAY COMPANY. 



417 



OPERATING EXPENSES— Entire Line— Continued. 



Account. 


Amount. 


Ratio to 
General 
Account, 
Per Cent. 


Ratio to 

Total 
Operating 
Expenses, 
Per Cent. 


Maintenance of Equipment — Continued-- 

Freight train cars — renewals 

Freight train cars — depreciation 


% 149,504.76 

540,739.05 

5,603.32 

644.01 

80,061.65 

7,850.94 

8,606.28 

8,591.92 

36,806.85 


3.19 

11.55 

.12 

.01 

1.71 
.17 
.18 
.18 
.79 


.80 
2 96 


Floating equipment — repairs 

Floating equipment^ — depreciation . 


.03 


Shop machinery and tools ... . . 


.43 


Power plant equipment .. 


C4 




04 




04 




20 






Total of foregoing accounts 


4,901,763.93 

9,629.86 

404,609.96 

23,086.94 

609,836.54 


104.62 

.25 

8.64 

.49 

13.02 


26 35 


Maintaining joint equipment at terminals — Dr.- 
Equipment borrowed — Dr. 


.05 

9 93 


Maintaining joint equipment at terminals — Cr. . 
Equipment loaned — Cr. __ _ 


.12 
3 28 






Total — Maintenance of equipment 


4,683,080.27 


100.00 


25 23 






Traffic Expenses — 
Superintendence 


112,668.97 

115,232.71 

36,783.13 

8,903.43 

154,578.63 

15,842.08 

31,569.14 

27.80 


23.67 
24.23 
7.74 
1.88 
32.50 
3.34 
6.64 


61 


Outside agencies 


62 


Advertising _ 


20 


Traffic associations 


05 


Fast freight lines 


83 


Industrial and immigration bureaus 


08 


Stationery and printing 


17 


Insurance ._ 










Total — Traffic expenses 


475,605.89 


100.00 


2 56 






Transportation Expenses — 

Superintendence .-. - . _ . 


284,925.96 

307,908.29 

1,104,812.31 

29,888.18 

54.01 

29,021.02 

69,052.10 

200,001.10 

428,617 97 


3.05 

3.30 

11.82 

.32 


1 53 


Dispatching trains . 


1 66 


Station employees 


5 95 


Weighing and car-service associations 


16 


Stockyards and grain elevators 




Coal and ore docks .._.___ . . 


.31 

.74 
2.14 
X 48 


16 


Station supplies and expenses 


37 


Yardmasters and their clerks _ 


1 08 


Yard conductors and brakemen_ . _ 


2 36 


Yard switch and signal tenders 


36,075.81 .39 


.19 



418 



W. C. COEPOEATION" COMMISSION". 



OPERATING EXPENSES— Entire Line— Continued. 



Account. 


Amount. 


Ratio to 

General 

Account, 

Per Cent. 


Ratio to 

Total 
Operating 
Expenses, 
Per Cent. 


Transpohtation Expenses — Continued— 
Yard supplies and expenses 


$ 21,703.99 

260,468.57 

64,326.04 

125,504.03 

15,822.46 

2,398.37 

4,313.40 


.23 
2.79 

1.35 

.17 
.03 
.05 


11 


Yard enginemen 


1 40 




34 




67 




09 




01 




02 






Total of last fifteen accounts 


2,392,059.36 
158,159.78 
117,512.52 


31.86 
1.70 
1.25 


16 10 


Operating joint yards and terminals — Dr 

Operating joint yards and terminals — Cr 


.85 
.63 




2,432,706.62 


32.31 


16 32 
















1,800,699.97 

417,488.65 

1,352,681.56 

132,189.11 

41,639.76 

61,275.98 

5,458.47 


19.27 

4.47 

14.48 

1.41 

.45 

.66 

.06 


9 70 




2 30 




7 29 




71 




23 


Other supplies for road locomotives _ 


33 


Operating power plants _ _ 


02 


Purchased power _. - 




Road trainmen _- _ 


1,420,489.55 

268,581.81 

63,828.27 

29,082.83 

4,158.10 

133,246.56 

58,911.21 

140.70 


15.20 
2.88 
.69 
.31 
.05 
1.43 
.63 


7 65 




1 44 


Interlockers, block and other signals — operation 


.34 
16 




02 


Clearing wrecks . . _ 


71 


Telegraph and telephone — operation 


31 


Operating floating equipment 




Express service 






Stationery and printing 


81,200.77 

21,772.51 

904.18 

212,123.86 

2,845.10 

27,313.13 

26,920.77 

131,906.72 


.87 
.23 
.01 

2.27 
.04 
.30 
.29 

1.41 


43 


Insurance 


11 


Other expenses 




Loss and damage — freight 


1 14 


Loss and damage — baggage 


01 


Damage to property 


15 


Damage to stock on right of way 


14 


Injuries to persons 


71 






Total of last twenty-six accounts 


6,294,859.87 


67.41 , 


33.90 



T^ORFOLK AND WESTERN RAILWAY COMPANY 



419 



OPERATING EXPENSES— Entire Line— Continued. 



Account. 


Amount. 


Ratio to 

General 

Account, 

Per Cent. 


Ratio to 

Total 
Operating 
Expenses, 
Per Cent. 


Transportation Expenses — Continued— 
Operating joint tracks — Dr ' 


S 27,397.34 
1,749.41 


.30 

.02 


15 




.01 








6,320,507.80 


67.69 


34.04 








9,346,048.67 


100.00 


50 36 






General Expenses — 

Salaries and expenses of general officers 

Salaries and expenses of clerks and attendants. _ 
General office supplies and expenses 


106,378.72 

258,579.49 

24,816.49 

151,814.66 

918.30 

4,047.60 

34,140.80 

15,809.42 


17.83 

43.34 

4.16 

25.45 

.15 

.68 

5.72 

2.65 


.58 

1.39 

13 




.82 






Pensions 


02 


Stationery and printing 


19 


Other expenses 


09 






Total of foregoing accounts 


596,505.48 
159.02 


99.98 
.02 


3 22 


General administration joint tracks, yards and 
terminals — Dr 








Total — General expenses 


596,664.50 


100.00 


3 22 






Recapitulation of Expenses — 

Maintenance of way and structures _ 


3,458,087.99 
4,683,080.27 

475,605.89 
9,346,048.67 

596,664.50 




18.63 


Maintenance of equipment 




25 23 


Traffic expenses 




2 56 


Transportation expenses 




50 36 


General expenses 




3 '^2 








Total operating expenses 


18,559,487.32 




100.00 








Ratio of operating expenses to operating rev- 
enues, 64.08 per cent. 

Operating Expenses — State of North Carolina— 

Maintenance of way and structures 


106,820.64 

85,759.82 

5,239.39 

193,080.76 
10,474.42 




26.61 


Maintenance of equipment - 




21.37 


Traffic expenses _ . 




1.31 


Transportation expenses _ 




48 10 


General expenses 




2 61 








Total operating expenses _ 


401,375.03 




100 00 








Ratio of operating expenses to operating rev- 
enues, 83.44 per cent. 









420 



y. C. COEPOEATIOX COMMISSIO:^'. 



SUMMARY OF REVENUES AND EXPENSES OF OUTSIDE OPERATIONS. 



Designation. 



■Rpvpniif^ FvDpnsp^; \^^^ Revenue 

Ke^enues. , i^xpen^e:,. i qj. Deficit. 



Harbor terminal transfers 

Dining and special-car service . 

Grain elevators 

Stockyards 

Hotels and restaurants 

Miscellaneous 

Total 



S 4,648.11 


S 280.52 


S 4,367.59 


76,454.71 


68,486.51 


7.968.20 


6,986.29 


5,680.27 


1,306.02 


549.51 


1,282.11 


*732.60 


19,316.06 


16,366.72 


2,949.34 


12,449.32 


6.027.27 


6,422.05 


120,404.00 


98,123.40 


22,280.60 



♦Deficit. 



I^OBFOLK AITD WESTERN^ EAIEWAY COMPANY. 



421 



RENTS RECEIVABLE. - 

FROM JOINT FACILITIES. 



Facility Leased. 


Location of Property. 


Name of Lessee. 


Item. 


Total. 


Joint tracks _ 


Glasgow-Loch Laird _ 


C. & 0. Ry. 


$ 5,283.36 






Christiansburg, Va. ._ 


Va. Anth. Coal & Ry 


350.00 






Norton-Toms Ck., Va. 


V. & S. W. Ry 


4,722.23 






Portsmouth, O 


B. & 0. S.-W. R. R 


568.10 






Bond Hill, O 

Petersburg, Va 


B. & 0. R. R. 


49.70 






A. C. L. R. R 


$ 10.973.45 


Joint yards and 
terminals 


458.88 




Lynchburg, Va 


Southern Railway 


2,543.86 






Lynchburg, Va. 


C. & 0. Ry. 


1 724 76 






Durham, N. C 

Durham, N. C 


N. & S. Ry. 


22.75 
300.00 






Southern Railway 






Elkton, Va. 


Chesapeake- Western Ry. _ 
B. & 0. R. R 


360 00 






Shenandoah Jet., Va. 


90.00 






Glen Lyn, Va 


Virginian Railway 


75.39 






Christiansburg, Va... 


Va. Anth. Coal & Ry 


265.37 






Bristol, Va. _ 


Southern Railway 

V. & S. W. Ry 


2 257 76 






Bristol, Va 


772 . 09 






Norton, Va. ___ 


Wise Terminal Co 


1,295.59 






Norton, Va ___ 


Va. & Ky. R. R 


961.87 






Matoaka, W. Va 


Virginian Railway 


58.44 






Wayne, W. Va 


B. S., E. L. & G. R. R. __ 


60.00 






Kenova, W. Va 

Kenova, W. Va 


C. & 0. Ry _ 


375.00 
450.00 






B. & 0. R. R 






Portsmouth, 


B. & 0. S.-W. R. R 


240.00 






Valley Crossing, 0. ._ 


H. V. Ry 


70.00 






Columbus, 


C. A. & C. Ry 


12,214.47 






Columbus, 


P. C. C. & St. L. Ry 


108.23 






Sardinia, 


O. R. & C. R. R 


155.85 


24,776.31 






Total 


35 749 76 













422 



N. C. COKPORATION COMMISSION. 



RENTS PAYABLE. 
FOR JOINT FACILITIES. 



Facility Leased. 


Locationof Property. 


Name of Lessor. 


Item. 


Total. 


Joint tracks 


Forest to Phoebe, Va., 


Lynchburg B. L. & Conn. 
R. R 


$57,266.25 






Portsmouth, 


B. & 0. S.-W. R. R 


50.21 






Clare to Cin., 


P. C. C. & St. L. Ry 


5,500.74 




Total 




$ 62,817.20 


Joint yards and 
terminals 


Durham, N. C 


Durham Union Station. . . 


624.22 






Durham, N. C 


Southern Railway 


900.00 






Riverton Jet., Va 


Southern Railway 


2.36 






Hagerstown, Md 


Cumberland Valley R. R._ 


2,970.74 






Hagerstown, Md 


Western Maryland R. R. _ 


337.32 






Winston-Salem, N. C. 


Southern Railway 


480.75 






Norfolk Va 


M. & M. Transp. Co 

A. C. & I. Ry 


1 250 00 






Ashland, Ky 


90.00 






Ashland-Coal Grove . 


C. & 0. Ry 


567.76 






Circleville, 


C. & M. V. R. R 


90.00 






ChiUicothe, 


B. & 0. S-W. R. R 


1,200.00 






Columbus, 0._ 


C. A. & C. Ry 


250.00 






Columbus, 


B.&O. andP.C.C.&St.L. 


1,320.00 






Columbus, 0. _ 


Union Depot Co 


3,353.87 






Cincinnati, O. . . 


C. L. & N. Ry 


43,162.62 






Cincinnati, 


P. C. C. & St. L. Ry 


2,972.43 






Ivorydale, 


C. C. C. & St. L. Ry 


310.00 




Total 




59,882.07 














122,699.27 













NORFOLK AND WESTERN RAILWAY COMPANY. 



423 



OTHER DEDUCTIONS FROM INCOME. 



Nature of Deduction. 



Item. 



Total. 



Deficiency of interest on Pocahontas Coal and Coke Co.'s bonds. 

Rest houses 

Branch lines and spurs 

Recording equipment trusts 

Experimental farm, Ivor . 

Total 



$ 192,000.00 

17,878.32 

7,180.53 

5,399.38 

1,153.43 



$ 223,611. 



SEPARATELY OPERATED PROPERTIES. 



Name of Property. 


Location of Property. 


Profit. 


Loss. 


Big Stony Railway 


Big Stony Jet., Va., to Kive, Va._- 

Blackstone, Va., to Dillard, Va 

Pocahontas, Va., to Boissevain, Va. 


$ 

604.17 
9,662.45 


$ 22 180 74 


Blackstone and Lunenburg 
R. R. -. - _ 




Pocahontas and Western R. R. 




Net total 




11,914.12 











424 



N". C. CORPOEATION COMMISSION". 









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NORFOLK AND WESTERN RAILWAY COMPANY. 



425 



RECAPITULATION OF HIRE OF EQUIPMENT. 





Amount Carried to Oper- 
ating' Expenses. 


Amount Carried to Income 
Account. 


Item. 


Equipment 

Borrowed— 

Dr. 


Equipment 

Loaned — 

Cr. 


Receivable. 


Payable. 




$ 390,111.08 
14,498.88 


$ 609,836.54 


$1,626,994.89 


$ 1,082,969.10 
39,685.61 










Total- — 


404,609.96 


609,836.54 


1,626,994.89 
504,340.18 


1,122,654.71 













COMPARATIVE GENERAL BALANCE SHEET. 



June 30, 1907. 


ASSETS. 


June 30, 1908. 


Year Ending June 30, 1908. 


Total. 


Total. 


Increase. 


Decrease. 


$151,521,213.02 


Cost of road 


$154,311,638.63 
15,830,194.88 
2,437,284.42 
16,576,553.63 
10,386,628.65 

14,476,585.01 
2,778,175.52 


$ 2,790,425.61 
3.347,173.63 


$ 


12,483,021.25 


Cost of equipment 




2,447,254.42 


Stocks owned 

Funded debt owned 


9,970 00 


213,681.76 


16,362,871.87 




14,454,773.33 


Cash and current assets _ _ 


4,068,144 68 


11,900,000.00 


OTHER ASSETS. 

Equipment trusts 

Materials and supplies . 


2,576,585.01 




3,452,687.39 


674,511.87 
3 500 000 00 


3,500,000.00 


Equipment leased from Va. Co. 




Grand total . _ 








199,972,631.17 


216,797,060.74 


16,824,429.57 






LIABILITIES. 

Capital stocks. ._ . 




89,000,000.00 


89,000,000.00 

111,765,500.00 

10,702,163.88 

856,625.00 
4,472,771.86 






99,765,500.00 


Funded debt . 


12,000,000.00 
4,775,329.95 

48,733.33 
366.29 




5,926,833.93 


Current liabilities 





807,891.67 


Accrued interest on funded debt 
not yet payable 




4,472,405.57 


Profit and loss.. _ .__ 






Grand total _ _ _ . 




199,972,631.17 


216,797,060.74 


16,824,429.57 











426 



N. C. COEPOEATION^ COMMISSION. 



EMPLOYEES AND SALARIES— S tate of North Carolina. 



Class. 


Number. 


Total 
Number 
of Days 
Worked. 


Total 

Yearly 
Compensa- 
tion. 


Average 
Daily 

Compen- 
sation. 




12 
36 

977 
15 
26 
48 
48 
15 
31 
.8 
28 
22 

182 
3 
12 
4 


. 209 
627 

17,010 
5,677 
9,769 

14,832 

14,832 
5,690 

11,348 
2,354 

10,320 
5,769 

29,477 
1,095 
4,360 
1,467 


$ 6,511.05 

6,876.81 

39,593.50 

11,571.28 

13,049.57 

68,838.12 

38,166.38 

18,396.81 

22,716.70 

6,040.37 

16,954.06 

11,362:54 

40,489.76 

1,260.00 

9,578.96 

2,417.85 


$ 31 15 


Other officers _ - _ 


10 97 




2 33 




2 04 




1 33 


Enginemen - - 


4 64 




2 57 




3 23 




2 00 




2 57 




1 64 




1 97 




1 37 


Switch tenders, crossing tenders and watchmen. 


1.15 
2.20 




1.65 






Total (including General Officers) 


1,467 
12 


134,836 
209 


313,823.76 
6,511.05 


2.33 
31.15 






Total (excluding General Officers) 


1,455 


134,627 


307,312.71 


2.28 


Distribution of Above — 

Maintenance of way and structures 


217 

28 
124 
197 
901 


39,517 
10,320 
2,159 
67,153 
15,687 


60,766.25 
16,954.06 
12,700.30 
183,122.09 
40,281.06 


1.54 
1 64 


Traffic expenses 

Transportation expenses 

General expenses 


5.S8 
2.73 
2.57 






Total (including General Officers) 

Less General Officers 


1,467 
12 


134,836 
209 


313,823.76 
6,511.05 


2.33 
31.15 






Total (excluding General Officers) 


1,455 


134,627 


307,312.71 


2.28 


Total (including General Officers) — En- 
tire line 


21,464 


6,021,413 


12,775,350.17 


2 12 







NORFOLK AIs^D WESTERN RAILWAY COMPANY. 



427 



TRAFFIC AND MILEAGE STATISTICS— Entire Line. 



Item. 



Passenger Traffic — 

Number of passengers carried earning revenue.. 

Number of passengers carried one mile 

Number of passengers carried one mile per mile 

of road 

Average distance carried — miles 

Total passenger revenue 

Average amount received from each passenger.. 

Average receipts per passenger per mile 

Total passenger service train revenue 

Passenger service train revenue per mile of road 
Passenger service train revenue per train mile. 



Freight Traffic — 

Number of tons carried of freight earning revenue. 

Number of tons carried one mile 

Number of tons carried one mile per mile of road . 

Average distance haul of one ton— miles .-- 

Total freight revenue 

Average amount received for each ton of freight 

Average receipts per ton per mile 

Freight revenue per mile of road 

Freight revenue per train mile 



Column for 
Number 

Passengers, 

Tonnage, 

etc. 



4,824,650 
209,279,408 



111,243 
43.38 



Total, Traffic — 

Operating revenues 

Operating revenues per mile of road 

Operating revenues per train mile 

Operating expenses 

Operating expenses per mile of road 

Operating expenses per train mile 

Net operating revenue 

Net operating revenue per mile of road 

Average number of passengers per car mile 

Average number of passengers per train mile — 
Average number of passenger cars per train mile- 
Average number of tons of freight per loaded 
car mile 

Average number of tons of freight per train mile. 
Average number of freight cars per train mile. _ 
Average number of loaded cars per train mile__- 
Average number of empty cars per train mile -. 
Average mileage operated during year 



18,608,190 

4,985,915,528 

2,650,253 

267.94 



Columns for Revenue 
and Rates. 



Dollars. 



3,977,482 



4,472,496 

2,536 

1 



23,990,629 
1 



9 

52 
5.49 

27.24 
571.14 
35.08 
20.96 
13.13 
1,881.26 



12,752 



28,962,217 

15,395 

2 

18,559,487 

9,865 

1 

10,402,729 

5,529 



Cts. 



Mills. 



428 



N. C. COEPORATION" COMMISSIOI^. 



TRAFFIC AND MILEAGE STATISTICS— Entire Line— Continued. 



Classification. 


Item. 


Total. 


Locomotive Mileage — Revenue Service— 


12,733,573 

4,011,983 

180,048 

6,185 

2,994,575 
























Total in revenue service ._ _ 




19 926 364 








Nonrevenue service locomotive miles _ 




567 977 


Car Mileage — Revenue Service: 
Freight Car Miles — 


183,048,174 

114,648,318 

8,538,530 
















Total --- - - -- - - - --- 




306,235,022 






Passenger Car Miles — 


10,446,873 
3,687,343 
7,707,884 
















Total -- - -- _...._ - _-_ 




21 842 100 








Special Car Miles — 


48,553 

3,286 

4,876 

438 

1,186 




Caboose _-_ _ -_ 




Passenger -- 
















Total - _- . . 




58 339 








Total in revenue service _ ___ _ ___ 




328,135 461 








Nonrevenue service car miles _ _ 




6,158,998 


Train Mileage — Revenue Service — 


8,557,450 

3,802,761 

172,103 

4,970 




Passenger train miles 




Mixed train miles 

Special train miles 








Total revenue train mileage _ - _ _ . _ 




12,537,284 








Nonrevenue service train miles _____ _ 




506,757 









I 



NORFOLK AND WESTERN RAILWAY COMPANY. 



429 



TRAFFIC AND MILEAGE STATISTICS— State of North Carolina. 



Item. 


Column for 
Number 

Passengers, 

Tonnage, 

etc. 


Columns for Revenue 
and Rates. 


Passenger Traffic — 

Number of passengers carried earning revenue _ 


156,534 
2,931,950 

32,487 
18.73 


Dollars. 


CIS. 


Mills. 


Number of passengers carried one mile 








Number of passengers carried one mile per mile 
of road 








Average distance carried — miles 








Total passenger revenue 


66,183 


10 
42 
02 
14 
94 
64 




Average amount received from each passenger . 




280 


Average receipts per passenger per mile . 






220 


Total passenger service train revenue _ - . 




78,983 

872 




Passenger service train revenue per mile of road. 






Passenger service train revenue per train mile 




244 


Freight Traffic — 

Number of tons carried of freight earning revenue 


1,281,946 
56,023,611 
620,760 
43.70 






Number of tons carried one mile 








Number of tons carried one mile per mile of road 








Average distance haul of one ton— miles 








Total freight revenue _ _ 


396,068 


42 
30 




Average amount received for each ton of freight . 




896 


Average receipts per ton per mile - 






707 


Freight revenue per mile of road. . ... 




4,388 
1 

481,023 

5,329 

1 

401,375 

4,447 

1 

79,648 

882 


57 
53 

88 
91 
35 
03 
37 
13 
85 
54 




Freight revenue per train mile _ _ . 




265 


Total Traffic — 

Operating revenues _ . 






Operating revenues per mile of road. ... 






Operating revenues per train mile .._..___ 




964 


Ooerating expenses _ . 






Operating expenses per mile of road 






Operating expenses per train mile _ 




451 


Net operating revenue .... . __ . 






Net operating revenue per mile of road 






Average number of passengers per car mile 

Average number of passengers per train mile_._ 

Average number of passenger cars per train mile. 

Average number of tons of freight per loaded 
car mile 


7 
24 
3.36 

21.84 
216.79 

18.43 
9.93 
6.68 

90.25 




Average number of tons of freight per train mile. 
Average number of freight cars per train mile. . 
Average number of loaded cars per train mile .. 
Average number of empty cars per train mile . _ 
Average mileage operated during year 





4:30 



IN". C. COEPOEATION COMMISSION. 



TRAFFIC AND MILEAGE STATISTICS— State of North Carolina— Continued. 



Classification. 


Item. 


Total. 


Locomotive Mileage — Revenue Service — 
Freight locomotive miles 


397,832 

96,968 

27,718 

403 

36,041 




Passenger locomotive miles 




Mixed locomotive miles _ _ - 




Special locomotive miles 




Switching locomotive miles 








Total in revenue service 




558,962 








Nonrevenue service locomotive miles 




13,495 


Car Mileage — Revenue Service: 
Freight Car Miles — 

Loaded 


2,565,561 

1,726,679 

470,775 




Empty - _ _ 




Caboose _ _ _ 








Total 




4,763,015 








Passenger Car Miles — 
Passenger 


296,920 

138 

114,962 




Sleeping parlor and observation 




Other passenger train cars 








Total 




412,020 








Special Car Miles — 
Freight— loaded 


1,749 
135 
20 
20 




Caboose 




Passenger 




Sleeping parlor and observation 








Total 




1,924 








Total in revenue service 




5,176,959 








Nonrevenue service car miles 




136,339 


Train Mileage — Revenue Service — 
Freight train miles 


230,891 

95,101 

27,530 

265 




Passenger train miles 




Mixed train miles 




Special train miles 








Total revenue train mileage 




353,787 








Nonrevenue service train miles 




12,843 









NORFOLK AND WESTERN RAILWAY COMPANY. 



431 



FREIGHT TRAFFIC MOVEMENT— Entire Line. 
COMPANY'S MATERIAL EXCLUDED. 



Commodity. 


Freight 

Originating 

on this 

Road. 


Freight 

Received 

from 

Connecting 

Roads and 

Other 

Carriers. 


Total Freight Tonnage. 


Products of Agriculture — 
Grain 


Whole Tons. 
111,317 
41,695 
49,950 
42,438 
51,012 
293 
60,019 
34,491 


Whole Tons. 
226,108 
114,168 
55,823 
87,747 
40,616 
24,015 
77,413 
17,533 


Whole Tons. 
337,425 
155,863 
105,773 
130,185 
91,628 
24,308 
137,432 
52,024 


Per Cent. 
1 82 


Flour 


84 


Other mill products 


57 


Hay 


69 


Tobacco 


49 


Cotton 


13 


Fruit and vegetables 


74 


Other products of agriculture - _ - 


.28 






Total - . 


391,215 


643,423 


1,034,638 


5 56 






Products of Animals — 


50,897 

357 

9,697 

268 

684 

13,717 
776 


13,417 

16.692 

53,607 

1,594 

2,399 

21,764 

774 


64,314 

17,049 

63,304 

1,862 

3,083 

35,481 

1,550 


34 


Dressed meats 


09 


•Other packing-house products 

Poultry game and fish 


.34 
01 


Wool 


02 


Hides and leather _ _ . 


19 


Other products of animals 


01 






Total 


76,396 


110,247 


186,643 


1 00 






Products of Mines — 


96 

9,435,892 

2,144,781 

424,367 

353,444 

89,626 


38,822 
247,158 
2,229 
264,193 
131,064 

82,685 


36,918 

9,683,050 

2,147,010 

688,560 

484,508 

172,311 


19 


Bituminous coal 


59 04 


Coke 

Ores 


11.54 
3 70 


Stone, sand and other like articles 

Other products of mines 


2.60 
93 






Total 


12,448,206 

776.636 

227,862 


764,151 


13,212,357 


71 00 






Products of Forests— 
Lumber 


763.856 
51.059 


1,540,492 

278,921 


8 28 


Other products of forests 


1 50 






Total 


1,004,498 


814,915 


1,819,413 


9 78 







432 



N. C. COEPOEATION COMMISSIOlSr. 



FREIGHT TRAFFIC MOVEMENT— Entire Line— Continued. 



Commodity. 


Freight 

Originating 

on this 

Road. 


Freight 

Received 

from 

Connecting 

Roads and 

Other 

Carriers. 


Total Freight Tonnage. 


Manufactures — 


Whole Tons. 

7,487 

2,574 

160 

259,244 

7,672 

70,801 

47,004 

201,976 

1,996 

6,283 

19,140 

23,518 

204,019 


Whole Tons. 

50,089 

70,851 

596 

56,581 

58,434 

87,796 

69,659 

201,029 

29,891 

8,069 

18,872 

27,915 

322,771 


Whole Tons. 

57,578 

73,425 

756 

315,825 

66,106 

158,597 

116,663 

403,005 

31,887 

14,352 

38,012 

51,433 

526,790 


Per Cent. 
31 


Sugar _ 


.39 


Naval stores _ _ 




Iron, pig and bloom _ _ _ 


1 69 


Iron and steel rails 


.36 


Other castings and machinery 

Bar and sheet metal 


.85 
.63 


Cement, brick and lime 


2.17 


Agricultural implements 


.17 


Wagons, carriages, tools, etc... 


.08 


Wines, liquors and beers 


.20 


Household goods and furniture 


.28 
2.84 






Total - __ _ . . 


851,874 


1,002,553 


1,854,427 


9.97 








120,709 
123,456 


104,645 
151,902 


225,354 
275,358 


1.21 


Miscellaneous — 

Other com.modities not mentioned 
above 


1.48 






Total tonnage — Entire line 


15,016,354 


3,591,836 


18,608,190 


100.00 






Total tonnage — North Carolina 






1,281,946 













NORFOLK AND WESTERN RAILWAY COMPANY. 



433 



DESCRIPTION OF EQUIPMENT— Entire Line. 



Item. 


Number 

on 

June 30, 

1907. 


Number 
Added 
During 
Year. 


Number 

Retired 

During 

Year. 


Number 

on 

June 30, 

1908. 


Number Fitted 
with — 


Train 
Brake. 


Automatic 
Coupler. 


Locomotives — Owned or Leased 
Passenger 


102 

691 

50 






102 

793 

51 


102 

793 

51 


102 


Freight 


102 

1 




793 


Switching 




51 








Total locomotives in service- 


843 


103 




946 


946 


946 








Total locomotives owned 


843 


103 




946 


946 


946 








Cars — Owned or Leased: 
In Passenger Service — 
First-class cars 


224 
22 

7 

122 

1 






224 
26 

132 
1 


224 
26 

7 

132 

1 


224 




4 




26 


Dining cars 




7 


Baggage, express and postal 
cars 


10 




132 


Other cars in passenger service 















Total 


376 


14 




390 


390 


391 








In Freight Service — 
Box cars 


9,411 

885 

1,039 

25,150 




775 

125 

21 

948 


8,636 

761 

1,517 

25,990 


8,596 

751 

1,514 

25,960 


8,636 




1 
499 

1,788 


761 




1,517 




25,990 






Total 


36,485 


2,288 


1,869 


36,904 


36,821 


36,904 






In Company's Service — 
Officer's and pay cars 


7 

106 

36 

422 

159 






7 
137 
33 
372 
837 


7 
128 
32 
219 
328 


7 


Gravel cars 


60 
6 

64 
695 


29 

9 

114 

17 


137 


Derrick cars 

Caboose cars 


33 

372 


Other road cars 


837 






Total 


730 


825 


169 


1,386 


714 


1,386 


Total cars in service 


37,591 


3,127 


2,038 


38,680 


37,925 


38,680 


Total cars owned 


37,591 


3,127 


2,038 


38,680 


37,925 


38,680 



Corp. 2- 



-28 



434 



N. C. COEPOKATION COMMISSIOI^^. 



MILEAGE. 
MILEAGE OF LINE OPERATED. BY STATES. 



State. 



Line Owned. 



Main 
Line. 



Branches 

and 

Spurs. 



Line 
Operated 

Under 

Trackage 

Rights. 



Total 

Mileage 

Operated 



New- 
Line 
Con- 
structed 
During 
Year. 



Rails. 



Steel. 



Virginia 

West Virginia 

Maryland 

North Carolina 

Kentucky 

Ohio 

Total mileage operated — single track 



953. 89 

240.76 

15.58 

87.34 

.29 

244. 81 



112.03 
203.94 



23.72 



2.48 

1.48 

19.29 



.43 



12.92 



1,089.64 

444.70 

16.21 

90.25 

1.77 

277.02 



1,542.67 



339.22 



37.70 



1,919.59 



5.66 
12.04 



1.48 



19.18 



1,065.92 

444. 70 

15.58 

89.82 

1.77 

264. 10 



1,881.89 



MILEAGE OF LINE OWNED, BY STATES. 



State. 



Line Owned. 



Main 
Line. 



Branches 

and 

Spurs. 



Total 
Mileage 
Owned. 



New 
Line 
Con- 
structed 
During 
Year. 



Rails. 



Steel. 



Virginia 

West Virginia 

Maryland 

North Carolina 

Kentucky 

Ohio 

Total mileage owned — single track 



953.89 

240. 76 

15.58 

87.34 

.29 

244.81 



1,542.67 



112.03 
203.94 



2.48 

1.48 

19.29 



1,065.92 

444.70 

15.58 

89.82 

1.77 

264. 10 



339.22 



1,881.89 



5.66 
12.04 



1.48 



19.18 



1,065.92 

444. 70 

15.58 

89.82 

1.77 

264. 10 

1,881.89 



NORPOLK AND WESTERN RAILWAY COMPANY. 



435 



TAXES AND ASSESSMENTS. 



State. 



Ad Valo- 
rem Tax. 



|§ 
>^ 

C c3 0) 
O 



• Specific Tax. 



o . 

m « 

O C 

o 



^ S ..; 

cH o 



S ®^ 
H ^o o 

O 



Total. 



Virginia 

West Virginia 

Maryland 

North Carolina 

Kentucky 

Ohio 

Total 



$405,855.62 

270,781.78 

1,750.74 

16,294.50 

44.08 

95, 841. 96 



790,568.68 



$ 25.00 
1,456.68 



$176,120.22 



6,596.66 



45,596 06 



1,481.68 



228,312.94 



.70 



436.70 



582,000.84 

272,238.46 

8,347.40 

16,731.20 

44.08 

141,438.02 



1,020,800.00 



436 



W^. C. CORPORATION COMMISSION. 



Northampton and Hertford Railroad Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President 


Wm. E. Trenchard 

J. F. Pennewell 

T. G. Trenchard 


Gumberry, N. C. 
Gumberry, N. C. 
Gumberry, N. C. 


General Manager or Superintendent 

Secretary and Treasurer 



PROPERTY OPERATED. 



Gumberry, N. C, to Jackson, N. C. (miles)_ 



.00 



CAPITAL STOCK. ETC. 



Capital stock 

Capital stock per mile 

Cost of road 

Cost of equipment 

Freight earnings 

Passenger earnings 

Gross earnings 

Gross earnings per mile 

Operating expenses 

Operating expenses per mile 
Taxes paid — North Carolina 

Employees, 12. 



30,000.00 

3,333.00 

30,000.00 

2,500.00 

7,308.06 

1,359.93 

8,667.97 

963.11 

8,040.82 

803.42 

75.00 



RALEIGH AND CHARLESTON RAILROAD COMPANY. 



43' 



Raleigh and Charleston Railroad Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President 

Vice-President 


John Skelton Williams 

John Graham 

L. A. Boyd 


Richmond, Va. 
Philadelphia, Pa. 
Marion S C 


General Manager 


General Counsel 

Secretary, Treasurer and Auditor 


M. C. Woods 

W. R. Storrs 


Marion, S. C. 
Richmond, Va. 



DIRECTORS. 

John Skelton Williams, Richmond, Va.; J. W. Middendorf, Baltimore, Md.; Robert L. 
Forest, W. E. Weber, John Graham, Philadelphia, Pa.; W. J. Montgomery, W. Stackhouse, 
Marion, S. C; N. A. McLean, Lumberton, N. C. 



PROPERTY OPERATED. 



From Lumberton, N. C, to Marion, S. C. (miles) 

From Marion, S. C, to Saw Mill 

Mileage in N. C 



41.00 
2.00 
20.13 



CAPITAL STOCK, ETC. 



Capital stock 

Capital stock per mile 

Funded debt 

Funded debt per mile 

Current liabilities — balance 

Cost of road 

Cost of road per mile 

Cost of equipment and general expenditures 

Cost of equipment and general expenditures per mile 

Cost of road, equipment and general expenditures per mile 

Taxes paid — Entire line 

Taxes paid — N. C 

Employees .. 



850,000.00 

20,732.00 

562,000.00 

13,070.00 

119,646.50 

905,761.03 

21,064.21 

18,789.29 

436.96 

21,501.17 

1,380.45 

716.88 

88 



438 



]Sr. C. CORPOEATION COMMISSIOI^. 



INCOME ACCOUNT. 



Operating Income — 
Rail operations: 
Operating revenues 


$ 70,206.54 
51,470.62 


$ 18,735.92 
1,380.45 




Operating expenses 








Net operating revenue _ _ _ . _ _ 






Taxes accrued . _ _ - _ . 












Operating income _ _ _ 




$ 17 355 47 


Other Income— 


150.00 


150.00 








Total - - - -- 












Total other income 




150 00 










Gross corporate income 


17,505.47 


Deductions from Gross Corporate Income — 
Hire of equipment — balance 


5,278.81 
421.25 


5,700.06 
8,120.00 
9,667.70 

28.71 












Total 






Interest accrued on funded debt 






Other interest 






Other deductions 












Total deductions from gross corporate income 




23,516.47 










Net corporate loss _ _ 


6,011.00 










Balance for year carried forward to debit of 
profit and loss 


6,011.00 











RALEIGH AND CHARLESTON RAILROAD COMPANY. 



439 



OPERATING REVENUES— Entire Line. 



Account. 



Total 
Revenues. 



Revenue from Transportation — 

Freight revenue 

Passenger revenue 

Mail revenue 

Express revenue 

Total passenger service train revenue 

Switching revenue 

Total revenue from transportation 

Revenue from Operations Other than Transportation — 

Telegraph service - 

Miscellaneous 

Total revenue from operations other than transportation 
Total operating revenues 



54,190.62 



13,307.99 

1,762,56 

247.17 


15,317.72 


248.60 


69,756.94 


47.57 
402.03 


449.60 



70,206.54 



440 



N. C. CORPORATION COMMISSION. 



Raleigh and Southport Railway Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President and General Manager 

First Vice-President 


John A. Mills 

F. J. Lisman 

R. N. Simms 

F. T. Ricks 

F. L. Long 


Raleigh, N. C. 
New York N Y 


Attorney 


Raleigh N C 


Secretary-Treasurer and Assistant General 


Raleigh N. C. 


Assistant Auditor 


Raleigh, N. C. 


General Freight Agent 


J. 0. Hendley 


Raleigh N. C. 









DIRECTORS. 

John A. Mills, Raleigh, N. C; F. T. Ricks, Raleigh, N. C; K. B. Johnson, Cardenas, N. C; 
J. R. Chamberlain, Raleigh, N. C; F. O. Moring, Raleigh, N. C; F. J. Lisman, New York, N. Y.; 
T. B. Mosely, Raleigh, N. C. 



PROPERTY OPERATED. 



Raleigh and Southport Railway Co. — Caraleigh Mills to Fayetteville, N. C. (miles) 

Southern Railway — Raleigh to Caraleigh Mills — trackage rights (miles) 

Atlantic Coast Line — Fayetteville (miles) 

Total 



eo.50 

3.00 

.50 



64.00 



CAPITAL STOCK. ETC. 



Capital stock 

Capital stock per mile 

Funded debt 

Funded debt per mile. 



$ 600,000.00 

10,000.00 

535,000.00 

8,916.00 



RAKEICrH AND SOUTHPORT RAILWAY COMPANY. 



441 



CONSTRUCTION AND EQUIPMENT. 

Cost of road 

Cost of equipment 

General expenditures 



$ 1,101,346.24 

116,575.18 

8,293.44 



INCOME ACCOUNT. 



Operating revenues 


$ 120,904.76 
91,845.41 


$ 29,059.35 
1,924.25 




Operating expenses 








Net operating revenue . . 






Taxes accrued 












Operating income 




$ 27 135 10 










Gross corporate income 


27 135 10 


Deductions — 

Other rents— Debits: 

Hire of equipment — balance _ - _ - 




3,327.96 

26,931.13 

1,382.62 




Interest accrued on funded debt 






Other interest 












Total deductions from gross corporate income 




31,641.71 










Net corporate loss 


4,506.61 











PROFIT AND LOSS ACCOUNT. 





Debit. 


Credit. 


Balance credit June 30, 1907 


$- 


$ 23,047 15 


Balance debit from income account June 30, 1908 


4,506.61 
9,692.84 




Deduct for year, per diem, etc. 






14,199.45 






Balance credit June 30, 1908 


8 847 70 









442 



I^. C. CORPORATION COMMISSIOIST. 



OPERATING EXPENSES. 

Maintenance of way and structures 

Maintenance of equipment 

Traffic expenses 

Transportation expenses 

General expenses 

Total . 

Ratio operating expenses to operating revenues (per cent.) 



$ 22,466.32 

15,116.37 

3,351.65 

44,439.44 

6,471.73 



91,845.41 
75.96 





ASSETS. 




Cost of road 


$ 1,109,339.68 


Cost of equipment 


116,875.18 


Stocks owned 


1,680.00 


Cash and current assets 


9,930.52 


Funded debt owned 


30,000.00 








Total 


1,271,040.48 









LIABILITIES. 




Capital stock 


$ 600,000.00 


Funded debt 


565,000.00 


Current liabilities 


92 , 797 . 89 


Accrued interest on funded debt not yet payable 


4,394.89 


Profit and loss 


8,847.70 






Total 


1,271,040.48 







EALEIGH AND SOUTHPORT RAILWAY COMPANY. 



443 



OPERATING REVENUES. 



Account. 



Revenue from Transportation — 

Freight revenue 

Passenger revenue 

Excess baggage revenue 

Mail revenue 

Express revenue 

Total passenger service train revenue 

Special service train revenue 

Miscellaneous transportation revenue 

Total revenue from transportation 

Revenue from Operations Other than Transportation- 

Station and train privileges 

Storage — freight 

Car service 

Rents of buildings and other property 

Total revenue from operations other than transportation 
Total operating revenues 



Total 

Revenues. 



85,905.51 



30,600.01 


51.65 


2,189.12 


513.37 


33,354.15 


24.00 


15.00 


119,298.66 


88.71 


331.89 


1,115.50 


70.00 


1,596.10 



120,904.76 



444 



N. C. CORPOKATION COMMISSION. 



Raleigh and Western Railway Company. 



(Operating Egypt Railway.) 
OFFICERS. 



Title. 


Name. 


Location of Office. 




Samuel A. Henszey 

Samuel A. Henszey 

Samuel A. Henszey, Jr. __ 


Cumnock, N. C. 


General Manager or Superintendent 

Secretary and Treasurer 


Cumnock, N. C. 
Cumnock, N. C. 







DIRECTORS. 

Samuel A. Henszey, K. K. Henszey, Samuel A. Henszey, Jr., Cumnock, N. C. 



PROPERTY OPERATED. 



Cumnock, N. C, to Colon, N. C. (miles). 



.00 



CAPITAL STOCK, ETC. 



Capital stock 

Capital stock per mile 

Funded debt 

Funded debt per mile 

Cost of road 

Cost of road per mile 

Cost of equipment 

Cost of equipment per mile 

Cost of road and equipment per mile 

Freight earnings 

Passenger earnings 

Gross earnings 

Gross earnings per mile 

Operating expenses 

Operating expenses per mile 

Taxes paid — N. C 

Employees 



127,500.00 

15,937.00 

108,000.00 

13,500.00 

309,812.94 

38,726.62 

24,111.92 

3,013.99 

41,740.61 

108.93 

99.55 

208.48 

26.06 

1,634.61 

204.32 

252.45 

5 



EANDOLPH AND CUMBERLAND RAILWAY COMPANY. 



445 



Randolph and Cumberland Railway Company. 

OFFICERS. 



Title. 



President, General Counsel and General 
Manager 

Vice-President 

Secretary 

Treasurer 

Assistant Treasurer 

General Superintendent 



Name. 



Morrison H. Caldwell 
B. M. Fellows. __^-- 

M. D. Barres 

B. M. Fellows 

T. L. Riddle 

P. K. Kennedy 



Location of Office. 



Carthage, N. C. 
New York. 
New York. 
New York. 
Carthage, N. C. 
Carthage, N. C. 



DIRECTORS. 

S. P. McConnell, New York; B. M. Fellows, New York; Edward W. Shedd, Carthage, N. C; 
Morrison H. Caldwell, Carthage, N. C; M. D. Barres, New York; P. K. Kennedy, Carthage, N. C. 



PROPERTY OPERATED. 



Randolph and Cumberland Railway — Carthage to Hallison — owned (miles) 

Carthage Railroad — Cameron to Carthage — leased (miles) 


8.50 
10 00 






Total 


18 50 







446 



N. C. COEPOEATION COMMISSION. 



INCOME ACCOUNT. 



Operating Income — 
Rail operations: 


$ 22,931.31 
21,538.68 


$ 1,392.63 




Operating expenses _. _ _ _. 








Net operating revenue _ 












Total net revenue. _ . _ 


1,392.63 
694.32 




Taxes accrued .__. 












Operating income _ _ _ _ 




$ 698.31 










Gross corporate income _ _ _ , 


698.31 


Deductions from Gross Corporate Income — 
Rents accrued for lease of other roads_. 




1,440.00 

6,900.00 

108.88 




Interest accrued on funded debt 






Other interest, __ ._ __ __ 












Total deductions from gross corporate income 




8,448.88 










Net corporate loss. 


7,750.57 




" 






Balance for year carried forward to debit of 
profit and loss 


7,750.57 











OPERATING REVENUES. 



Account. 



Total 
Revenues. 



Revenue from Transportation — 

Freight revenue 

Passenger revenue 

Mail revenue 

Express revenue 

Other passenger train revenue 

'- Total passenger service train revenue 
Total revenue from transportation.. 
Total operating revenues 



$ 18,422.04 


3,115.67 


793.44 


504.94 


95.22 


4,509.27 


22,931.31 


22,931.31 



EANDOLPH AND CUMBERLAND RAILWAY COMPANY. 



447 



OPERATING EXPENSES. 

Item. 

Maintenance of way and structures 

Maintenance of equipment 

Traffic expenses 

Transportation expenses 

General expenses 

Total operating expenses 



Amount. 



4,171.20 

1,746.02 

149.65 

10,020.50 

5,451.31 



21,538.68 



COST OF ROAD, CAPITAL STOCK, ETC 

Cost of road 

Cost of equipment -_.* 

Casli and current assets 

Profit and loss 

Capital stock 

Funded debt 

Current liabilities 



1,179,140.51 

9,554.48 

2,608.39 

356.41 

1,000,000.00 

198,115.65 

11,121.93 



448 



N. C. CORPOEATION COMMISSION. 



Red Springs and Bowmore Railroad Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President 

Secretary and Treasurer 


W. F. Williams 

Jas. G. Williams 


Red Springs, N. C. 
Red Springs, N. C. 



PROPERTY OPERATED. 



Red Springs, N. C, to Wagram, N. C. (miles) 



12.00 



CAPITAL STOCK, ETC. 

Cost of road 

Cost of road per mile 

Cost of equipment 

Cost of equipment per mile 

Cost of road and equipment per mile 

Gross earnings. _ i 

Gross earnings per mile -- 

Operating expenses 

Operating expenses per mile 

Taxes paid — North Carolina 



21,600.00 
1,800.00 
3,000.00 

187.50 
1,987.50 
6,700.00 

558.33 
5,500.00 

458.33 

173.47 



EOAXOKE EIVER RAILROAD COMPANY 



449 



Roanoke River Railroad Company. 



OFFICERS. 



Title. 



Name. 



Location of Office. 



President 

General Manager or Superintendent. 

Secretary and Treasurer 

Traffic Manager 



G. W. Morrow Townesville, N. C. 

W. J. Tally Townesville, N. C. 

J. T. Morrow Henderson, X. C. 

y. C. Tompkins ; Raleigh, N. C. 



DIRECTORS. 

W. J. Tally, Townesville. X. C; G. W. Morrow, Townesville, X. C; J. T. Morrow, Hender- 
son, N. C; V. C. Tompkins, Raleigh, X. C; C. K. Morrow, Henderson, X. C; L. P. Morrow, 
Townesville, X. C. 



PROPERTY OPERATED. 



Townesville, X. C, to Manson, X. C. (m.iles) ! 



10.50 



CAPITAL STOCK, ETC. 



Capital stock 

Capital stock per mile 

Cost of road 

Cost of road per mile 

Cost of equipment 

Cost of equipment per mile 

Cost of road and equipment per mile 

Freight earnings 

Passenger earnings 

Gross earnings 

Gross earnings per mile 

Operating expenses 

Operating expenses per mile 

Taxes paid — Xorth Carolina 

Employees 



90,000.00 

8,571.43 

88,239.48 

8,403.76 

1,581.90 

150.66 

8,554.42 

2,374.65 

115.60 

2,490.25 

237.17 

2,815.34 

266.70 

12.20 

9 



Corp. 2- 



-29 



450 



-N. C. COKPOEATIOIs^ COMMISSION. 



Snowbird Valley Railway Company. 



OFFICERS. 



Title. 


Name. 


Location of Office. 


President 


J. Q. Barker 

E. G. Hennermann 

Wm. A. Lewin 


Andrews N C 


General Manager and Secretary 

Treasurer 


Andrews, N. C. 
Andrews N C 









DIRECTORS. 

J. Q. Barker, Wm. A. Lewin, W. B. Hamrick, E. G. Hennermann, C. M. Hickerson, S. Porter. 



PROPERTY OPERATED. 



Andrews, N. C, to Snowbird, N. C. (miles) 



13.50 



CAPITAL STOCK, ETC, 

Capital stock 

Capital stock per mile 

Floating debt 

Floating debt per mile 

Cost of road 

Cost of road per mile 

Cost of equipment 

Cost of equipment per mile 

Cost of road and equipment per mile 

Freight earnings 

Gross earnings 

Gross earnings per mile 

Operating expenses 

Operating expenses per mile 

Employees. 



75,000.00 
5,555.55 

44; 386. 70 

3,287.90 

101,920.35 

7,549.65 

12,192.30 

903.13 

8,452.78 

18,076.13 

18,076.13 

1,338.98 

33,639.57 

2,491.82 

12 



TENNESSEE AND NORTH CAEOLINA EAILROAD COMPANY. 451 



Tennessee and North Carolina Railroad Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President 


J. B. Hart 


Clarksburg, W. Va. 


General Manager or Superintendent 

Secretary and Treasurer 

TraflBc Manager . 


A. J. McMahan 


Newport, Tenn. 


C R Drewry 


Baltimore, Md. 


A. J. McMahan 


Newport, Tenn. 









DIRECTORS. 

J. B. Hart, Clarksburg, W. Va.; J. D. Lacey, Chicago, 111. 
F. James, Baltimore, Md.; C. R. Drewry, Baltimore, Md. 



Wood Beal, Chicago, 111.; Chas. 



PROPERTY OPERATED. 



Newport, Tenn., to Mt. Sterling, N. C. (miles) 



21.00 



CAPITAL STOCK, ETC. 



Capital stock 

Funded debt 

Cost of road and equipment 

Freight earnings 

Passenger earnings 

Gross earnings 

Operating expenses 

Employees 



300,000.00 

300,000.00 

600,000.00 

26,071.94 

8,411.50 

35,748.49 

24,016.17 

15 



452 



N. C. COEPOEATION COMMISSION. 



South and Western Railroad Company of North Carolina. 



FINANCIAL REPORT. 



Capital stock. 



600,000.00 



South and Western Railroad Company— Tennessee. 

FOR NINE MONTHS ENDING JUNE 30, 1908. 
ROAD OPERATED. 



Johnson City, Tenn., to Lost Cove, Tenn. (miles) 

Lost Cove, Tenn., to Altapass, N. C. (miles) 

Total 



23.12 
44.48 



CAPITAL STOCK, ETC. 



Capital stock. 

Funded debt. 

Total 



$ 2,270,000.00 
650,000.00 



2,920,000.00 



INCOME ACCOUNT. 



Gross operating revenues 

Gross operating expenses.. _ 
Net operating deficit. 



Taxes. 



Operating loss 

Other Income — 

Hire of equipment 

Interest on securities 

Miscellaneous income 

Total other income 

Gross corporate loss 

Deductions — Hire of equipment, interest, etc. 

Net corporate loss 



6,004.98 
3,000.00 
11,199.37 



$ 101,187.80 
124,718.12 



23,530.32 
11,400.90 



34,931.22 



20,204.35 



14,726.87 
63,286.67 



78,013.54 



TALLULAH FALLS RAILWAY COMPANY. 



453 



Tallulah Falls Railway Company. 

OFFICERS. 



Title. 



Receiver 

General Manager or Superintendent 

Secretary 

Treasurer 

TraflBc Manager . 



Name. 



A. B. Andrews 
J. A. Dodson, 
H. W. Miller, . 
H. C. Ansley.- 
J. A. Dodson. 



Location of Office. 



Raleigh, N. C. 
Cornelia, Ga. 
Raleigh, N. C. 
Washington, D. C. 
Cornelia, Ga. 



DIRECTORS. 

A. B. Andrews, Raleigh, N. C; Fairfax Harrison, Washington. D. C; Hamilton McWhorter, 
Athens, Ga.; J. A. Dodson, Cornelia, Ga.; J. T. Peyton, Cornelia, Ga. 



PROPERTY OPERATED. 



From Georgia State Line to Frankhn, N. C. (miles) 



13.50 



CAPITAL STOCK, ETC. 



Capital stock* -_! 

Capital stock per mile 

Funded debt* 

Funded debt per mile 

Cost of road 

Cost of road per mile 

Freight earnings. North Carolina 

Passenger earnings, North Carolina 

Gross earnings. North Carolina 

Gross earnings per mile. North Carolina 

Operating expenses. North Carolina 

Operating expenses per mile. North Carolina 

Taxes paid — North Carolina 

Employees 

*Represents stocks and bonds Blue Ridge and Atlantic Railway Company 



350 

25 
325 

24 
685 

50 
9 
7 

18 
1 

20 
1 
1 



,000.00 
,925.92 
,000.00 
,074.07 
,078.69 
,746.57 
,223.07 
,391.95 
,122.36 
,342.40 
,835.19 
,543.34 
,499.13 
31 



454 



N. C. COEPORATION COMMISSION. 



Virginia and Carolina Southern Railroad Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President and Treasurer 

General Manager or Superintendent. _ 


J. F. L. Armfield .._. 

C. N. Blue . 


Fayetteville, N. C. 
Aberdeen, N. C. 


Secretary . _ _ 


A. W. McLean _ _ 











DIRECTORS. 

J. F. L. Armfield, A. W. McLean, John Blue, C. N. Blue, W. A. Blue. 



PROPERTY OPERATED. 



From Lumberton to St. Pauls (miles) 



13.75 



CAPITAL STOCK, ETC. 

Capital stock* 

Capital stock per mile : 

Funded debt 

Funded debt per mile 

Cost of road 

Cost of road per mile 

Freight earnings 

Gross earnings 

Gross earnings per mile 

Operating expenses 

Operating expenses per mile 

Employees 

$75,000 additional stock to be issued in part payment construction 



28,000.00 

2,036.33 

120,000.00 

8,727.27 

149,665.49 

10,884.76 

7,887.61 

7,887.61 

573.64 

7,791.81 

566.66 

20 



WAREENTO]Sf RAILROAD COMPANY. 



455 



Warrenton Railroad Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


PrptjiVipTit, a.nd Opnpra.l TVfa.naffpr 


J M Gardner 


Warrenton, N. C. 


General Superintendent and Agent 

Secretary and Treasurer 


B. P. Terrell 

C. R. Rodwell _ _ 


Warrenton, N. C. 
Warrenton, N. C. 









DIRECTORS. 

R. B. Boyd, M. B. Boyd, W. T. Johnson, J. G. King, W. J. Norwood, T. M. Calby. 



PROPERTY OPERATED. 



From Warrenton N. C, to Warren Plains, N. C. (miles). 



3.00 



CAPITAL STOCK, ETC, 

Capital stock 

Capital stock per mile 

Funded debt 

Funded debt per mile 

Cost of road 

Cost of road per mile 

Cost of equipment 

Cost of equipment per mile 

Cost of road and equipment per mile 

Freight earnings . 

Passenger earnings 

Gross earnings 

Gross earnings per mile 

Operating expenses 

Operating expenses per mile 

Taxes paid — North Carolina 

Employees 



13,450.00 
4,483.33 
6,500.00 
2,ie6.67 

21,221.05 
7,073.35 
7,150.00 
2,383.33 
9,456.65 
7,628.80 
3,034.24 

10,663.04 

3,554.35 

8,542.68 

2,847.56 

119.17 

16 



456 



N". C. COEPOEATION^ COMMISSION^. 



Washington and Vandemere Railroad Company. 

OFFICERS. 



Title. 


Name. 


Location of OfHce. 


President 


A D MacLean 


Washington, N. C. 
Wilmington N C 


General Manager 


W N Royall 


Secretary 


Jno. H. Small 

Jas. F. Post 


Washington N C 


Treasurer 


Wilmington N C 







DIRECTORS. 

A. D. MacLean, Washington, N. C; Jno. H. Small, Washington, N. C; Geo. T. Leach, 
Washington, N. C; T. E. Leary, Washington, N. C; Michael Jenkins, Baltimore, Md. 



PROPERTY OPERATED. 



From Washington, N. C, to Aurora, N. C. (miles). 



28.00 



CAPITAL STOCK, ETC. 



Capital stock 

Capital stock per mile 

Funded debt 

Funded debt per mile 

Cost of road and equipment 

Cost of road and equipment per mile 

Freight earnings 

Passenger earnings 

Gross earnings 

Gross earnings per mile 

Operating expenses 

Operating expenses per mile 

Employees 



125,000.00 

4,1G4.00 

720,000.00 

25,714.00 

750,343.56 

26,797.98 

766.08 

233.75 

999.83 

35.71 

2,278.51 

81.38 

54 



WELLIIN^GTOT^ AND POWELLSVILLE RAILROAD COMPANY. 



457 



Wellington and Powellsville Railroad Company. 



OFFICERS. 



Title. 



President and Treasurer 

Superintendent 

Secretary 

General Freight and Passenger Agent 



Name. 



Horton Corwin, Jr, 

H. T. Walters 

W. D. Pruden 

J. J. Harrison 



Location of Office. 



Edenton, N. C. 
Aiioskie, N. C. 
Edenton, N. C. 
Windsor, N. C. 



DIRECTORS. 

Horton Corwin Jr., Elizabeth Branning, W. D. Pruden, Edenton, N. C; Florence V. S. Bran- 
ning, Bradford, Pa.; C. J. Murray, Narrowsburg, N. Y.; E. F. Branning, New York; E. Schryver, 
Birmingham, Ala. 



PROPERTY OPERATED. 



From Windsor, N. C, to Ahoskie, N. C. (miles) 



22.00 



CAPITAL STOCK, ETC. 



Capital stock 

Capital stock per mile 

Cost of road and equipment 

Cost .of road and equipment per mile 

Freight earnings 

Passenger earnings 

Gross earnings 

Gross earnings per mile 

Operating expenses 

Operating expenses per mile 

Taxes paid — North Carolina 

Employees 



90,000.00 

4,090.91 

171,884.99 

7,812.95 

29,045.26 

9,145.27 

40,756.06 

1,852.55 

37,151.36 

1,688.70 

426.51 

52 



458 



N. C. COKPOKATION COMMISSION. 



STREET RAILWAYS. 



Asheville Electric Company. 



OFFICERS. 



Title. 


Name. 


Address. 






Asheville, N. C. 
Asheville. N. C. 
New York N Y 








H. M. Francis 




Asheville N C 









DIRECTORS. 

J. E. Rankin, Asheville, N. C; H. W. Plummer, Asheville, N. C; J. C. Martin, Asheville, N. C. 
W. T. Penniman, Asheville, N. C. 



PROPERTY OPERATED. 



City of Asheville, N. C- 

Length of main track (miles) 
Sidings and switches (miles) - 



13.00 
1.00 



CAPITAL STOCK. 



Capital stock authorized— preferred 

Capital stock authorized— common 

Capital stock issued and outstanding— preferred 

Capital stock issued and outstanding— common 

Number of shares issued and outstanding — preferred 
Number of shares issued and outstanding— common - 
Number of stockholders 



162, 000. 00 
750, 000. 00 
162, 000. 00 
532,500.00 
1,620 
5,325 



ASHEVILLE ELECTRIC COMPANY. 



459 



FUNDED DEBT. 



Description- 
First mortgage, 40 years. May 1, 1901- 



$ 750,000.00 



GENERAL EXHIBIT FOR THE YEAR. 



Gross earnings from operations, as per Schedule A 


$ 272,106.16 
175,088.51 












$ 97,017.65 
896.19 


Miscellaneous income- 










97,913.84 


Deductions from income- 
Interest on funded debt 

Sundry interest ------- - 


37,500.00 
8,491.38 

13,350.00 
6,273.28 

26,843.22 


Taxes- -- - - 




Permanent improvements 




Other deductions from income 












92,457.88 
5.455.96 


Net income 










EARNINGS AND EXPENSES OF OPERATION. 

Schedule A— EARNINGS FROM OPERATION. 

Receipts from passengers carried 

Receipts from express 

Receipts from gas 

Receipts from rentals 

Receipts from electric street lighting 

Receipts from electric lights, residences 

Receipts from advertising in cars 

Miscellaneous receipts 

Gross income from operation 

Less rebates and cash discounts on light, power and gas and charges for uncol 
lectible bills 



155,379.61 
2,100.00 
11,975.66 
172.00 
11,899.05 
82,665.18 
713. 50 
11,772.49 



276,677. 



1,571.33 



272, 106. : 



460 



]Sr. C. CORPORATIOTiJ^ COMMISSION. 



EARNINGS AND EXPENSES OF OPERATION— Continued. 
Schedule B-OPERATING EXPENSES. 



MAINTENANCE. 

Way and structures- 
Maintenance of track and roadway 

Maintenance of electric line 

Maintenance of buildings and fixtures 

Total 

Equipment — 

Maintenance of steam plant 

Maintenance of electric plant 

Maintenance of cars 

Maintenance of electric equipment of cars 

Maintenance of miscellaneous equipment 

Miscellaneous shop expenses 

Total 

TRANSPORTATION. 

Operation of power plant — 

Power plant wages 

Fuel for power 

Water for power 

Lubricants and waste for power plant 

Miscellaneous supplies and expenses of power plant - 

Hired power 

Total 

Operation of cars- 
Superintendence of transportation 

Wages of conductors 

Wages of motormen 

Wages of car-house employees 

Car-service supplies 

Miscellaneous car-service expenses 

Cleaning and sanding track 

Total 



13,504.98 
2,528.90 
1,662.25 



835.75 

1,252.21 

4,261.52 

1,406.53 

96.40 

717. 94 



2,341.70 

2,065.14 

37.28 

177. 17 

346.83 

8,218.49 



1,281.40 

18,134.76 

19,234.41 

978.64 

458.84 

3,428.93 

1,086.29 



17,696.13 



,570.35 



13,186.61 



44,603.27 



ASHEVILLE ELECTRIC COMPANY. 



461 



EARNINGS AND EXPENSES OF OPERATION— Continued. 
Schedule B-OPERATING EXPENSES. 



GENERAL. 

Salaries of general officers 

Salaries of clerks 

Printing and stationery 

Miscellaneous office expenses 

Stores expenses 

Stable expenses 

Advertising and attractions 

Miscellaneous general expenses 

Damages 

Legal expenses in connection with damages 

Miscellaneous legal expenses 

Rent of tracks and terminals 

Insurance 

Total 

Grand total operating expenses — Railway department 

Grand total operating expenses — Light and power department - 

Grand total operating expenses— Gas department 

Grand total operating expenses 



$ 1,950.00 


2,463.73 


198.07 


764.07 


236.15 


4,985.27 


3,090.68 


1.538.58 


4,893.59 


1.474.95 


440.85 


37.50 


1.680.00 



23.753. 



107, 



809.75 
073.63 
205. 13 



175, 



5.51 



EQUIPMENT OWNED. 



Box passenger cars equipped for the electric power— 
Open passenger cars equipped for the electric power 



VOLUME OF TRAFFIC. 



Number of passengers carried during year 

Number of passengers carried per mile of track operated 
Number of car miles run 



,471,221 
267,017 
691,394 



462 



Int. C. COEPOEATION COMMISSION". 



Asheville Rapid Transit Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President 


J. K. Voshell 


Baltimore, Md. 


Secretary 


J. P. Arthur 


Asheville, N. C. 


Treasurer 


R. S. Howland 


Asheville, N. C. 


Superintendent 


J. P. Arthur 


Asheville, N. C. 











DIRECTORS. 

R. S. Howland, Asheville, N. C; J. K. Voshell, Baltimore, Md.; E. Sluder, Asheville, N. C; 
J. A. Burroughs, Asheville, N. C; J. P. Arthur, Asheville, N. C. 



PROPERTY OPERATED. 



City of Asheville, N. C— 

Length of main track (miles) 

Sidings and switches (mile) 

Total mileage, including sidings and switches 

Mileage within corporate limits 

Mileage outside corporate limits 

Motive power — electricity. 



CAPITAL STOCK. 



Capital stock — preferred 

Capital stock authorized — common 

Capital stock issued and outstanding — common 

Number of shares issued and outstanding — common _ 
Number of stockholders 



$ 500,000.00 

100,000.00 

100,000.00 

100,000 

7 



ASHEVILLE RAPID TRANSIT COMPANY. 



463 



FUNDED DEBT. 



Description — - 

$125,000 first mortgage bonds, five per cent., dated Jan. 1, IQOT 



Bonds authorized to amount of 1500,000— Guardian Trust Co. of New 
York, trustee. 



125,000.00 



GENERAL EXHIBIT FOR THE YEAR. 



Gross earnings from operation, as per Schedule A 


$ 9,946.71 
13,335.28 


$ 




Operating expenses, as per Schedule B _ . . . 








Net loss from operation. . _ - _ . 




3,388.57 


Deductions from income — 

Interest on funded debt . _ . _ 


6,250.00 








Total deductions 




6,250.00 








Deficit __ _ __ - 




2,861.43 









EARNINGS AND EXPENSES OF OPERATION. 

Schedule A— EARNINGS FROM OPERATION. 



Receipts from passengers carried. 
Receipts from rentals 

Gross income from operation 



$ 9,886.71 

60.00 



9,946.71 



464 



N. C. COEPOKATION COMMISSION. 



EARNINGS AND EXPENSES OF OPERATION— Continued. 
Schedule B— OPERATING EXPENSES. 



MAINTENANCE. 

Way and structures — 

Maintenance of track and roadway 

Maintenance of electric line _. . 


$ 463.01 

293.56 

74.06 




Maintenance of buildings and fixtures 




Total 




$ 830 63 


Equipment — 

Maintenance of cars 


768.91 
3,80 
3.26 




Maintenance of miscellaneous equipment 




Miscellaneous shop expenses 








Total 




775 97 


TRANSPORTATION. 

Operation of power plant — 
Hired power 


3,151.16 








Total 




3,151 16 


Operation of cars — 

Wages of conductors 


1,382.45 

1,382.46 

454.90 




Wages of motormen 




Wages of car-house employees 








Total 




3,219 81 


GENERAL. 

Salaries of general officers 


25.00 
1,472.25 
187.00 
167.79 
43.75 
47.30 
2,687.50 
727.12 




Salaries of clerks 




Printing and stationery 




Miscellaneous office expenses 




Miscellaneous general expenses 




Miscellaneous legal expenses 




Rent of tracks and terminals 




Insurance 








Total 




5,357.71 








Grand total operating expenses 


13,335.28 









ASHEVILLE RAPID TRANSIT COMPANY. 



465 



EQUIPMENT OWNED. 



Box passenger cars equipped for the electric power 

Total passenger cars, all kinds 

Trailers 

Electric motors 



VOLUME OF TRAFFIC. 



Number of passengers carried during year 

Number of passengers carried per mile of track operated 

Number of car miles run 

Average number of persons employed 



197,734 
32,955 
39,420 



Corp. 2- 



-30 



466 



N. C. COEPOEATION COMMISSION. 



Charlotte Consolidated Construction Company, operating Charlotte 
Electric Railway, Light and Power Company. 



OFFICERS. 



Title. 



Name. 



Location of Office. 



President 

Secretary 

Treasurer 

Manager i E. D. Latta, Jr. 

Superintendent E. D. Latta, Jr. 



E. D. Latta 

J. L. Ciiambers- 
E. D. Latta 



Charlotte, N. C. 
Charlotte, N. C. 
Charlotte, N. C. 
Charlotte, N. C. 
Charlotte. N. C. 



DIRECTORS. 

E. D. Latta, Charlotte, N. C; E. B. Springs, New York City; F. B. McDowell, J. L. Cham- 
bers, J. M. Scott, E. D. Latta, Jr.. T. T. Allison, Charlotte, N. C. 



PROPERTY OPERATED. 



City of Charlotte, N. C— 

Length of main track (miles) 

Sidings and switches (mile) 

Total mileage, including sidings and switches. 
Mileage within corporate limits 



m 



18f 
16i 



System of electric motive power in use — General Electric and Westinghouse. 
Motive power — electricity generated by gas engines. 



CAPITAL STOCK. 



Capital stock issued and outstanding — preferred 

Number of shares issued and outstanding — preferred 
Number of stockholders 



$ 225.000.00 
2,250 



CHARLOTTE CONSOLIDATED CONSTRUCTION COMPANY. 



467 



FUNDED DEBT. 



Description — 

Thirty-year five per cent, gold bonds, first mortgage 

Tliirty-year five per cent, gold bonds, refunding and extension . 

(Seven bonds retired under sinl^ing fund clause since last report.) 



$ 368,000.00 
344,000.00 



GENERAL EXHIBIT FOR THE YEAR. 



Gross earnings from operations.. . __ . 


$ 242,471.67 
191,168.25 
















$ 51,303.42 


Deductions from income — 


35,927.50 








Total deductions from income 




35,927.50 








Net income 


15,375.92 









468 



N. C. COEPOEATION COMMISSION. 



EARNINGS AND EXPENSES OF OPERATION. 



Railway — 






By total income, all sources 




$ 148,345 30 


To transportation 


$ 52,077.95 




To maintenance of way and structures 


2,529.82 




To maintenance of rolling stock and equipment 


11,879.20 






42,452.74 








Total -- - - - - --- - 


108,939.71 




Electric— 






By total income, all sources- .__._. 




29,178.55 


To maintenance ._ __._ _ . .._ 


2,891.56 




To manufacturing ._.-__ 


10,299.35 




To distribution. -_. ____ 


701.59 
15,541.75 




To contributory expense. _..___ _ __ 








Total _ 


29,434.25 




Gas — 






By total income, all sources _ _ _ ... _ . 




61,189.03 


To manufacturing.- _._ _ _ _._ 


21,028.95 




To maintenance 


1,739 70 




To distribution 


1 923 40 




To contributory expense 


23,441.93 








Total 


48,133.98 




Water- 
By total income, all sources _ _ _ 


3,758.79 


To production 


2,249 91 




To maintenance 


196.93 

16.02 

2,197.45 




To distribution . _ 




To contributory expense _ _ _ _ 








Total - - - - - - __ 


4,660.31 








By total income, all departments.. ...... .. 


242,471.67 


To total operating expense .- _. ... _._. 




191,168.25 








Net income all departments 


51 303 42 









CHARLOTTE CONSOLIDATED CONSTRUCTION COMPANY. 



469 



EQUIPMENT OWNED 

Box passenger cars equipped for the electric power 

Open passenger cars equipped for the electric power 

Other passenger cars equipped for the electric power 

Total passenger cars, all kinds 

Electric motors 



43 



VOLUME OF TRAFFIC. 



Number of passengers carried during year. 



3,341,766 



470 



N. C. COKPOEATION COMMISSION. 



Durham Traction Company. 



OFFICERS. 



Title. 


Name. 


Location of Office. 


President ._ .__ . 


R. H. Wright 




Secretary _.. ._ _ 






Treasurer _.. .. 


J. S. Manning 




Manager _._ _ . 











DIRECTORS. 

R. H. Wright, Durham, N. C; J. S. Manning, Durham, N. C; J. S. Carr, Durham, N. C. 
H. A. Foushee, Durham, N. C; T. J. Lambe, Durham, N. C. 



PROPERTY OPERATED. 



City of Durham, N. C. — 

Length of main track (miles) 

Sidings and switches (miles) 

Total mileage, including sidings and switches 

Mileage within corporate limits 

Mileage outside corporate limits 



5.9 

.3 
6.2 
4.2 
L7 



System of electric motive power in use — direct current 575 volts. 
Motive power: — steam. 



CAPITAL STOCK. 



Capital stock authorized — preferred 

Capital stock authorized — common 

Capital stock issued and outstanding — preferred 

Capital stock issued and outstanding — common 

Number of shares issued and outstanding— preferred 
Number of shares issued and outstanding — common. 



200,000.00 
300,000.00 
200,000.00 
300,000.00 
2,000 
3,000 



DURHAM TRACTION COMPANY. 



471 



r 



FUNDED DEBT. 



Description — 

400 $1,000 40-year five per cent, gold bonds 

Less bonds in treasury 

Outstanding 

Bills and accounts payable 



$ 400,000.00 

50,000.00 

350,000.00 

46,765.24 



GENERAL EXHIBIT FOR THE YEAR. 



Gross earnings from operations, as per Sch 


edi 


lie A 


$ 153,736.07 
115,021.65 


$ 




Operating expenses, as per Schedule B . 














Net earnings from operation. _ 




38,714.42 


Deductions from income- 
Interest on funded debt 


17,500.00 
3,610.00 
3,255.45 




Taxes 




Permanent improvements 












Total deductions from income 




24,365.45 




30, 


1908 






Total surplus for year ending June 




14,348.97 











EARNINGS AND EXPENSES OF OPERATION. 

Schedule A. — EARNINGS FROM OPERATION. 

Receipts from passengers carried 

Receipts from electric street lighting 

Receipts from electric lights, residences 

Miscellaneous receipts, ice, cold-storage and rents 

Gross income from operation 



$ 68,039.40 

9,739.42 

44,573.20 

31,384.05 



153,736.07 



472 



N. C. COEPOEATION COMMISSION. 



EARNINGS AND EXPENSES OF OPERATION— Continued. 



Earnings — 

Railway 

Electric lighting, city 

Electric lighting, commercial 

Ice 

Total 

Expenses — 

Salaries of general officers and clerks . 

General office expenses 

Other general expenses 

Insurance 

Legal expenses 

Injuries and damages 

Transportation 

Maintenance, way and buildings 

Maintenance, equipment 

Electric expenses 

Ice expenses 

Power-house expenses 

Total 



$ 68,039.40 

9,739.42 

44,573.20 

31,384.05 



6,409.93 

1,492.34 

12,219.01. 

2,687.17 

337.50 

7,143.00 

14,707.51 

7,080.78 

2,760.46 

15,749.59 

10,732.12 

33,702.24 



153,736.07 



115,021.65 



DURHAM TRACTION COMPANY. 



473 



EQUIPMENT OWNED 

Bcwc passenger cars equipped for the electric power 

Open passenger cars equipped for the electric power 

Total passenger cars, all kinds 

Snow scrapers in front of wheels on regular cars 

Electric motors 



VOLUME OF TRAFFIC. 

Number of passengers carried during year 

Number of passengers carried per mile of track operated 

Number round trips run 

Number of car miles run 

Average number of persons employed 



1.541.140 

256,856 

60.948 

325.681 

63 



474 



N. C. CORPOEATION COMMISSION. 



The Fries Manufacturing and Power Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President 

Secreta>rv srid Tre&surer ^ 


Henry E. Fries 

Bernard J. ffohl 

J J Sigg 


Winston-Salem, N. C. 

WhTstnn-Snlpm ^ O. 


Manager and Superintendent 


Winston-Salem N C 









DIRECTORS. 

John W. Fries, J. C. Bessent, J. A. Gray, W. F. Slaaffner, W. A. Whitaker, W. A. Blair, 
W. A. Lemly, C. B. Watson, E. E. Gray, F. H. Fries, W. M. Nissen, J. A. Vance, C. D. Ogburn, 
C. Manly, F. C. Brown, H. E. Fries, Winston-Salem, N. C; R. B.r.Haines, Jr., Philadelphia, Pa. 



PROPERTY OPERATED. 



City of Winston-Salem, N. C— 

Length of main track (miles) 

Sidings and switches (miles) 

Total mileage, including sidings and switches 

Mileage within corporate limits 

Mileage outside corporate limits 



1.81 



10.61 
6.12 
4.49 



System of electric motive power in use — General Electric. 
Motive power — electricity and steam. 



CAPITAL STOCK. 



Capital stock authorized — preferred 

Capital stock authorized — common 

Capital stock issued and outstanding — preferred 

Capital stock issued and outstanding — common 

Number of shares issued and outstanding — preferred 
Number of shares issued and outstanding — common. 
Number of stockholders 



100,000.00 
600,000.00 
100,000.00 
579,000.00 
1,000 
5,790 



THE FRIES MANUFACTTJEING AND POWER COMPANY. 



475 



FUNDED DEBT. 



Description- 



Deed of Trust to N. American Trust Co., now Trust Co. of America, Trustee, 
New York, secures bonds to the amount of $500,000.00, of which there 
are outstanding 



Other outstanding indebtedness. 



$ 461,000.00 
171,000.00 



GENERAL EXHIBIT FOR THE YEAR. 



Gross earnings from operations, as per Schedule A. 

Operating expenses, as per Schedule B 

Net earnings from operation 

Deductions from income — 

Interest on funded debt 

Permanent improvements 

Other deductions from income — depreciation. 

Total deductions from income 

Deficit " 



$ 194,027.38 
136,909.99 



23,050.00 
38,530.27 
23.000.00 



57,117.39 



84,580.27 



27,462. 



Note. — Taxes included in operating expenses. 



476 



I^. C. COEPORATION COMMISSION. 



EARNINGS AND OPERATING EXPENSES. 



Item. 


Amount. 


Total. 


EARNINGS. 

Electric plant — 






Incandescent lighting _ _ . 


$ 41,830.63 




Arc lighting, commercial 


3,221.17 




Arc Ughting, municipal 


10,142.89 




Motors and fans 


3,587.47 




Wiring sales and repairs 


2,524.19 




Passenger traffic _ _ 


62,023.68 




Freight traffic 


8,898.33 






832 . 08 




River plant — 








32,426.10 




Rents, etc. - _ - 


663.78 




Ice plant — 






Sales _ _ _ 


27,877.06 












$ 194,027 38 








OPERATING EXPENSES. 






MAINTENANCE. 

Electric plant — 






Real estate - _ _ _ _ . 


715.26 




Station apparatus 


3,361.94 




Lines - ._ - - _ . . 


3,080.31 






666 . 05 




Cars 


4,692.78 




Track . - - _ _ _ . _ _ 


3,401.25 




Ice plant — 






Real estate -- - _ -_- 


3.60 


■ 


Station apparatus 


1,092.94 








Total maintenance. 




17,014.13 








GENERATION. 

Electric plant — 






Engineers and firemen. 


2,641.17 

23,384.21 

200.50 

648.80 




Coal --_... 




Water _ , _-_ . . _ - 




Oil, grease and waste _ _.. 




River plant — 






Wages - . . --_----.__ 


4,033.09 




Ice plant — 






Wages 


3,122.40 




Fuel 


5,366.82 





THE FItlES MANUFACTURING AND POWER COMPANY. 



4Y7 



EARNINGS AND OPERATING EXPENSES— Continued. 



Item 


Amount. 


Total. 


GEN ERATiOT<! ^Continued. 
Ice plant — continued. 
Water 


$ 732.57 

1,924.58 

235.65 




Ammonia, salt, etc. 




Oil grease and waste 








Total generation. 




$ 42,289.79 








DISTRIBUTION. " 

Electric plant^ 
Lamp renewals 


1,971.40 
912.45 
392.33 

9,207.31 




Meter expenses 




Interior wiring and fixtures 




Ice plant — 

Sales and delivery _ _ 








Total distribution _ . _ 




12,483.49 








TRANSPORTATION 

Electric plant^ — 

Superintendent, conductors and motormen 


17,125.71 

5,238.86 

535.58 

3,357.99 


' .. 


Freight hands ^ _ 




Car-service supplies 




Advertising and attractions 








Total transportation 




26,258 14 








GENERAL EXPENSES. 

Electric, river and ice plants — 
Officers and clerks 


7,820.27 
713.88 

8,342.51 
654.17 
281.93 
101.85 

9,523.71 

10,833.33 

592.79 




Office expenses and supplies., ___ ... _ _ ... 




Insurance and taxes . . . _ _ _ 




Accidents . 




Legal expenses _ _ 




Directors' meetings.. ___ . _ 




Interest, discount and exchange. 




Rental of turbine plant - . _._._.. ..__._. 




Miscellaneous . 








Total general expenses . . _._ ._ _ 




38 864 44 








Total operating expenses 


136,909 99 








Net earnings from operation.. ... ... . 




57,117 39 


Fixed charges — interest on bonds ... _ 




23,050.00 






Balance . 


34 067 39 









478 



N. C. CORPORATION COMMISSION. 



EQUIPMENT OWNED. 



Box passenger cars equipped for the electric power- 
Open passenger cars equipped for the electric power 

Total passenger cars, all kinds 

Snow plows 



VOLUME OF TRAFFIC. 



Number of passengers carried during year — net fare passengers 

Number of passengers carried per mile of track operated (6.95 miles) 

Number round trips run 

Number car miles run 

Average number of persons employed 



1,465,441 

210,855 

84,779 

510,291 

125 



The Fries Manufacturing and Power Co. has leased and operates the generating plant of 
Winston-Salem Power Co., paying annual rental for same of $10,000, which amount is included 
in expenses as sliowii. 



WINSTOISr-SALEM POWER COMPANY. 



479 



Winston-Salem Power Company, operated by Fries Manufacturing 
and Power Company. 



OFFICERS. 



Title. 


Name. 


Location of Office. 


President 


J. W. Fries 

B. J. Pfohl 

H. E. Fries , 


Winston-Salem, N. C. 


Secretary and Treasurer 

General Manager 


Winston-Salem, N. C. 
Winston-Salem, N. C. 



CAPITAL STOCK. 



Capital stock. 



50,000.00 



FUNDED DEBT. 



Description — 

Bonds outstanding, secured by deed of trust. 
Other indebtedness 



$ 80,000.00 
14,000.00 



Income applied as per agreement with Trustee for payment upon indebtedness, interest, 
sinking fund and depreciation. 



480 



N. C. CORPORATION COMMISSION. 



Greensboro Electric Company. 

OFFICERS. 



Title. 


■ — 

Name. 


Location of Office 


President 






Secretary 


Z. V. Taylor 

M. D. Barr 




Treasurer _ 




Manager and Superintendent . 


John K. Russell 









DIRECTORS. 

F. A. C. Persine, 60 Wall St., New York, N. Y.; W. O. Morgan, 43 Cedar St., New York, 
N. Y.; F. R. Williamson, Flemington, N. J.; C. C. Chesney, Pittsfield, Mass.; W. W. Gamwell 
Pittsfield, Mass.; E. P. Wharton, Greensboro, N. C; Z. V. Taylor, Greensboro, N. C; John 
Karr. Hackettstown, N. J. 



PROPERTY OPERATED. 



City of Greensboro, N. C. — 

Length of main track (miles) 1 

Sidings and switches ) 

Mileage within corporate limits 

Mileage outside corporate limits 

System of electric motive power in use — overhead trolley. 
Motive power — electricity. 



5i 



CAPITAL STOCK. 



Capital stock authorized — preferred 

Capital stock authorized — common 

Capital stock issued and outstanding — preferred 

Capital stock issued and outstanding — common 

Number of shares issued and outstanding— preferred 
Number of shares issued and outstanding — common. 
Number of stockholders 



250,000.00 

250,000.00 

106,200.00 

250,000.00 

1,062 

2,500 

67 



GREENSBORO ELECTRIC COMPANY. 



481 



FUNDED DEBT. 



Description- 
First mortgage bonds outstanding 

Second mortgage bonds outstanding 

Consolidated and refunding mortgage bonds outstanding 



$ 5,500.00 

273,000.00 

95,000.00 



GENERAL EXHIBIT FOR THE YEAR. 



Gross earnings from operations, as per Schedule A 

Operating expenses, as per Schedule B 

Net earnings from operation 

Miscellaneous income — 

Gross income above operating expenses 

Deductions from income — 

Interest on funded debt 

Taxes 

Other deductions from income 

Total deductions from income 

Net income 

Surplus for year ending June 30, 1908 

Total surplus for year ending June 30, 1908 



$ 151,717.93 
115,213.89 



18,275.04 
2,878.50 
14,883.30 



,504.04 



),504.04 



36,036.84 



467.20 
25,014.09 
24,546.89 



EARNINGS AND EXPENSES OF OPERATION. 

Schedule A.— EARNINGS FROM OPERATION. 



Receipts from passengers carried 

Receipts from mail 

Receipts from gas lights 

Receipts from electric street lighting.. _ 
Receipts from electric lights, residences 

Receipts from advertising in cars 

Miscellaneous receipts 

Gross income from operation 



55,149.43 

241.04 

23,785.36 

7,487.33 

61,031.98 

755.00 

3,267.79 



151,717.93 



Corp. 2 31 



482 



N. C. CORPORATION COMMISSION. 



EARNINGS AND EXPENSES OF OPERATION— Continued. 
Schedule B— OPERATING EXPENSES. 



Item. 


Amount. 


Total. 


MAINTENANCE. 






Way and structures — 






Maintenance of track and roadway __-... _ . 


S 3,113.49 




Maintenance of electric line.- . .-. _ 


3,692.35 




Maintenance of buildings and fixtures 


200.50 








Total 




$ 7,006.34 


Equipment — 






Maintenance of steam plant ") 


],011.52 




Maintenance of electric plant ) 




Maintenance of cars ) 

Maintenance of electric equipment of cars ) 


7,685.38 




Maintenance of miscellaneous equipment 


256 09 




Miscellaneous shop expenses 


21.75 








Total 




8 974 74 


TRANSPORTATION. 






Operation of power plant — - 






Power-plant wages 


10 374 99 




Fuel for power 


34,572.18 






1 076 43 




Miscellaneous supplies and expenses of power plant 


3,569.96 




Total 




49,593.56 






Operating gas department . _ 


16,354.35 


Operation of cars — 




Superintendence of transportation 


978 58 






14,949.83 




Wages of motormen ) 




Wages of miscellaneous car-service employees 


426.08 






1 , 144 . 59 




Car-service supplies 


703.93 




Cleaning and sanding track . _ . _ . 


550.38 








Total 




18,753.39 



GREENSBOEO ELECTRIC COMPANY. 



488 



EARNINGS AND EXPENSES OF OPERATION— Continued. 
Schedule B— OPERATING EXPENSES. 



Item. 


Amount. 


Total. 


GENERAL. 

Salaries of general officers 1 


$ 5,681.30 

2,494.22 

998.98 
2,827.63 

502.83 

498.91 
550.00 
977.64 




Salaries of clerks ) 




Printing and stationery ) 

Miscellaneous office expenses ) 

\dvertising and attractions 




Miscellaneous general expenses 




Legal expenses in connection with damages ) 




Miscellaneous legal expenses _ _ . _ . 




Rent of land and buildings _ _ _ 












Total 




$ 14,531.51 








Grand total operating expenses . 


115,213.89 









EQUIPMENT OWNED 

Box pas,senger cars equipped for tlie electric power 

Open passenger cars equipped for tlie electric power 

Other pas.senger cars equipped for the electric power 

Total passenger cars, all kinds 

Electric motors 



VOLUME OF TRAFFIC. 



Number of passengers carried during year 

Number of passengers carried per mile of track operated 

Number of car miles run 

Average number of persons employed 



1,247,063 


108,440 


367,293 


98 



484 



N. C. CORPORATION COMMISSION. 



The Raleigh Electric Company. 

OFFICERS. 



Title. 


Name. 


Location of Office. 


President 

Secretary and Treasurer _- 


William J. Andrews 

J. A. P. Farnham 

H H Carr 


Raleigh, N. C. 
Raleigh, N. C. 


Manager 


Raleigh N C 









DIRECTORS. 

William J. Andrews, Raleigh, N. C; James H. Cutler, Raleigh, N. C; S Z. Mitchell, J 
Howard Hanson, J. D. Mortimer, 62 Cedar St., New York, N. Y. 



PROPERTY OPERATED. 



City of Raleigh, N. C. — 

Length of main track (miles) 

Sidings and switches (miles) 

Total mileage, including sidings and switches 

Mileage within corporate limits 

Mileage outside corporate limits 

System of electric motive power in use — overhead trolley 
Motive power — electricity. 



8.24 

iTos 



9.27 
8.59 



CAPITAL STOCK. 



Capital stock authorized — preferred 

Capital stock issued and outstanding — preferred 

Number of shares issued and outstanding — preferred 
Number of stockholders 



$ 75,000.00 

75,000.00 

750 

5 



THE RALEIGH ELECTRIC COMPANY. 



485 



FUNDED DEBT. 



Description- 
First mortgage 20-year gold bonds — in existence . 
Second mortgage 6 per cent, gold notes 



$ 69,000.00 
31,500.00 



GENERAL EXHIBIT FOR THE YEAR. 



Gross earnings from operations, as per Schedule A 


$ 119,696 21 




Operating expenses as per Schedules B and C 


81,603.14 








Net earnings from operation 




$ 38,093.07 


Miscellaneous — income 






Total income from other sources than operation 




1,753.86 








Gross income above operating expenses 


39,846.93 


Deductions from income- 






Interest on funded debt 


4,928.32 

1,094.00 

19,408.10 




Taxes 




Permanent improvements 




Other deductions from income — interest floating debt 


14,416.51- 




Total deductions from income. - 




39,846.93 









EARNINGS AND EXPENSES OF OPERATION. 
Schedule A.— EARNINGS FROM OPERATION 

Receipts from passengers carried 

Receipts from electric street lighting 

Receipts from electric lights, residences and power 

Receipts from advertising in cars :_ 

Miscellaneous receipts 

Gross income from operation 



$ 62.986.90 

9.900.73 

46,427.69 

307.57 

73.32 



119,696.21 



486 



N. C. COEPORATION COMMISSION. 



EARNINGS AND EXPENSES OF OPERATION— Continued. 
Schedule B.— OPERATING EXPENSES. 



MAINTENANCE. 

Way and structures — 

Maintenance of track and roadway 

Maintenance of electric line 

Total 

Equipment — 

Maintenance of steam plant 

Maintenance of electric plant 

Maintenance of cars 

Maintenance of electric equipment of cars 

Maintenance of miscellaneous equipment 

Miscellaneous maintenance Milburnie plant 

Total 

TRANSPORTATION. 

Operation of power plant — 

Power-plant wages 

Fuel for power 

Water for power 

Lubricants and waste for power plant 

Miscellaneous supplies and expenses of power plant. 

Hired power 

Total ^ 

Operation of cars — 

Superintendence of transportation 

Wages of conductors 

Wages of motormen 

Wages of miscellaneous car-service employees 

Car-service supplies 

Miscellaneous car-service expenses 

Cleaning and sanding track 

Total 



I 307.90 

556.42 



246.91 
44.18 
3,730.35 
1,355.79 
38.34 
*42.46 



1,801.95 

5,494.28 

424.06 

106.86 

130,25 

2,620.44 



990.00 

6,640.30 

6,580.69 

58.50 

252.89 

403.93 

514.28 



864.32 



5,373.11 



10,577.84 



15,440.59 



*Credit. 



THE EALEIGH ELECTRIC COMPANY. 



487 



EARNINGS AND EXPENSES OF OPERATION— Continued. 
Schedule B— OPERATING EXPENSES. 



GENERAL,. 

Salaries of general officers -_ 

Salaries of clerks 

Printing and stationery 

Miscellaneous office expenses 

Stable expenses 

Advertising and attractions 

Miscellaneous general expenses 

Damages 

Legal expenses in connection with damages- 
Miscellaneous legal expenses 

Rent of land and buildings 

Insurance 

Total 

Grand total operating expenses 



3,755.75 

1,120.48 

233.81 

33.18 

271.61 

1,301.96 

1,031.56 

1,749.08 

72.80 

17.60 

632.50 

549.00 



10,769.33 
43,025.19 



488 



N. C. CORPORATION COMMISSION. 



EARNINGS AND EXPENSES OF OPERATION— Continued. 
Schedule C— OPERATING EXPENSES. 



Power-plant wages 

Fuel for power 

Water for power 

Oil and waste for power plant 

Miscellaneous supplies and expenses 

Hired power 

Total 

Maintenance of boilers 

Maintenance of engines 

Maintenance of miscellaneous equipment . 
Maintenance of Milburnie plant 

Total 

Operating-arc lamps 

Operating meters 

Renewals of lamps 

Miscellaneous dist. expenses 

Total 

Maintenance overhead system 

Maintenance arc lamps 

Maintenance meters 

Customers' repairs and renewals 

Total 

Salaries general officers 

Salaries clerks 

Printing and stationery 

Canvassing and soliciting 

Miscellaneous general expenses 

Stable expenses 

Legal expenses and loss and damage 



Rents. 



Insurance 

Total 

Total operating expenses light and power department. 



$ 3,438.54 

10,037.27 

768.13 

165.52 

189.60 

4,840.26 



74.52 
276.60 

12.57 
172.38 



1,112.11 

836.20 

3,240.97 

9.95 



1,204.25 
858.46 
249.72 
475.57 



3,755.75 
1,087.82 

200.84 

2,876.56 

49.33 

304.22 
1,159.31 

632.50 

549.00 



19,439.32 



536.07 



5,199.23 



2,788.00 



10,615.33 



,577.95 



THE RALEIGH ELECTRIC COMPANY. 



489 



EQUIPMENT OWNED 

Box passenger cars equipped for the electric power 

Open passenger cars equipped for the electric power 

Total passenger cars, all kinds 

Trailers 



VOLUME OF TRAFFIC, 

Number of passengers carried during year 

Number of passengers carried per mile of track operated 

Number of round trips run 

Number of car miles run 

Average number of persons employed 



1,531,981 

185,920 

43,817 

350.540 

150 



490 



N. C. CORPORATION COMMISSION. 



The Salisbury and Spencer Railway Company. 



OFFICERS. 



Title. 


Name. 


Location of Office. 


President 




Edward M. Deane 


Grand Rapids, Mich. 


Secretary 




Frank G Deane . 


Grand Rapids, Mich. 








Grand Rapids, Mich 
Grand Rapids, Mich. 


Manager 




H. B. Wales 


Local Manager. 




H. W. Frund 


Salisbury, N. C. 



DIRECTORS. 

T. H. Vanderford, N. B. McCanless, L. H. Clement, Sahsbury, N C; H. B. Wales, S. A. 
Norman, B. P. Merrick, Edward M. Deane, Frank G. Deane, Dwight Smitli. Grand Rapids, 
Mich 



PROPERTY OPERATED. 



City of Salisbury, N. C, and Spencer, N. C. — 

Length of main track (miles) 

Sidings and switches (miles). . 

Total mileage, including sidings and switches. 

Mileage within corporate limits . 

Mileage outside corporate limits 



System of electric motive power in use — overhead trolley. 
Motive power — ^steam. 



4.11 
.14 
4.25 
2.15 
2.10 



THE SALISBURY AND SPENCER RAILWAY COMPANY. 



491 



CAPITAL STOCK 

Capital stock authorized — common 

Capital stock issued and outstanding — common 

Number of shares issued and outstanding — common __ 



S 400,000.00 

400,000.00 

4,000 



FUNDED DEBT. 



Description — 

357 twenty-year five per cent, coupon bonds, due 1945. 



357,000.00 



GENERAL EXHIBIT FOR THE YEAR. 



Gross earnings from operations 

Operating expenses 


$ 78,671.12 
59,303.69 


$ 








Net earnings from operation 




19,367 43 


Deductions from income — 
Interest on funded debt 


17,850.00 








Total deductions from income . ^ 




17,850.00 


Net income 




1 517 43 









492 



N. C. CORPORATION COMMISSION. 



EARNINGS AND EXPENSES OF OPERATION. 



Railway — 






By income from all sources . 




$ 35,880.20 


To transportation 


S 9 247 45 


To maintenance of roadway, etc. 


4 181 19 




To maintenance of equipment 


3,223.90 








Electric— 


16,652.54 




By income, all sources. 




26,526.27 


To manufacturing 


14 222 27 


To maintenance 


7 C61 91 




To distribution 


1,208.71 








Gas— 


22,592.89 




By income, all sources 





16,264.65 




10,134 26 




To distribution 


2 618 41 






1,208.60 










13,961.27 






6,096.99 








By income, all departments 




78,671 12 


To operating expense, all departments 


59,303 69 






17,850 00 






1,517.43 








Total 




78,671.12 







" EQUIPMENT OWNED. 

Box passenger cars equipped for the electric power 

Open passenger cars equipped for the electric power 

Total pas.senger cars, all kinds 



VOLUME OF TRAFFIC. 



Number of passengers carried during year, from April 30, 19U7 to April 30, 1908., 815,705 

Number of passengers carried per mile of track operated 186,690 



TIDEWATER POWER COMPANY. 



493 



Tidewater Power Company. 



OFFICERS. 



• Title. 


Name. 


Location of Office. 


President 

Secretary 


Hugh MacRae 

H. WooUcott 


Wilmington, N. C. 
Wilmington, N. C 


Treasurer 


R. J. Jones 

A. B. Skelding 

A. B. Skelding 


Wilmington N C 


Manager 

Superintendent . _ _ _ 


Wilmington, N. C. 
Wilmington, N. C. 







DIRECTORS. 

Hugh MacRae, M. F. H. Gouverneur, M. J. Heyer, Geo. R. French, J. V. Grainger, Jas. 
Chadbourn, C. W. Worth, G. H. Smith, B. G. Worth, Maj. Evan C. Lucas, E. Ahrens, P. 
G. L. Gieschen, Jurgen Hoar, Junius Davis, Wilmington, N. C. 



PROPERTY OPERATED. 



Length of main track (miles) 

Sidings and switches (miles) 

Total mileage, including sidings and switches 

Mileage within corporate limits 

Mileage outside corporate limits 



15.00 
3.36 



18.36 
7.42 
10.94 



System of electric motive power in use — overhead trolley. 
Motive power — steam. 



CAPITAL STOCK. 



Capital stock authorized — preferred 

Capital stock authorized — common _. 

Capital stock issued and outstanding — preferred 

Capital stock issued and outstanding — common 

Number of shares issued and outstanding — preferred 
Number of shares issued and outstanding — common. 
Number of stockholders 



600,000.00 

600,000.00 

555,000.00 

600,000.00 

5,555 

6,000 

110 



No funded debt outstanding. 



494 



N. C. CORPORATION COMMISSION. 



GENERAL EXHIBIT FOR THE YEAR. 



Gross earnings from operations, as per Schedule A___ 

Operating expenses, as per Schedule B 

Net earnings from operation 

Miscellaneous income — 

Total income from other sources than operation. 
Gross income above operating expenses 

Deductions from income — 

Interest on floating debt 

Permanent improvements 

Other deductions from income 

Total deductions from income 



176,075.64 
94,066.18 



5,791.85 
89,348.41 
36,070.29 



82,009.46 



12,700.76 



94,710.22 



131,210.55 



Note — Taxes included in operating expenses. 



EARNINGS AND EXPENSES OF OPERATION. 
Schedule A.— EARNINGS FROM OPERATION. 

Receipts from passengers carried 

Receipts from freight hauled . 

Receipts from mail 

Receipts from rentals 

Receipts from electric street lighting ) 

Receipts from electric lights, residences j 

Receipts from advertising in cars 

Gross income from operation 



$ 116,790.97 
5,102.70 

108.42 
3,379.25 

50,344.30 

350.00 



176,075.64 



TIDEWATER POWER COMPANY. 



495 



EARNINGS AND EXPENSES OF OPERATION— Continued. 
Schedule B.— OPERATING EXPENSES. 



MAINTENANCE. 

Way and structures — 

Maintenance of track and roadway. _ 


$ 6,503.79 

1,322.07 

879.15 




Maintenance of electric line 




Maintenance of buildings and fixtures 








Total 




$ 8,705.0 


Equipment — 

Maintenance of steam plant 


525.44 
204.84 
6,003.28 
3,955.52 
227.61 
84.09 




Maintenance of electric plant 




Maintenance of cars 




Maintenance of electric equipment of cars 




Maintenance of miscellaneous equipment. _ . _ 




Miscellaneous shop expenses 








Total . ... 




11 000 78 


TRANSPORTATION. 

Operation of power plant — 
Power-plant wages . 


4.116.18 

10,911.37 

10.60 

216.09 




Fuel for power . 




Water for power 




Lubricants and waste for power plant 








Total __ .. 




15 254 24 


Operation of cars- 
Superintendence of transportation 


2,202.44 
10,584.68 
10. .584. 66 
916.86 
1,006.26 
2.060.45 
362.92 
1,024.96 




Wages of conductors . 




Wages of motormen . . 




Wages of miscellaneous car-service employees 

Wages of car-house employees 




Miscellaneous car-service expenses 




Cleaning and sanding track.. 




Removal of snow and ice ... 








Total 




28,743. 



496 



N. C. CORPOEATION COMMISSION. 



EARNINGS AND EXPENSES OF OPERATION— Continued. 
Schedule B— OPERATING EXPENSES. 



GENERAL. 

Salaries of general officers . 


$ 5,336.23 
4,184.98 
907.16 
1,506.52 
3,464.13 
6,125.00 
484.08 

5,690.61 
2,664.21 




Salaries of clerks 




Printing and stationery. . . 




Miscellaneous office expenses _ . . 




Advertising and attractions _ . 




Damages 




Miscellaneous legal expenses 




Miscellaneous . 




Insurance 








Total _ 




$ 30.362.92 








Grand total operating expenses. . 


94,066.18 









EQUIPMENT OWNED. 



Box passenger cars equipped for the electric power _ 
Open passenger cars equipped for the electric power 

Total passenger cars, all kinds 

Trailers 



VOLUME OF TRAFFIC. 



Number of passengers carried during year 

Number of passengers carried per mile of track operated 

Number of car miles run 

Average number of persons employed 



2,387,209 

130,022 

688.045 

50 



SOUTHERN EXPRESS COMPANY. 



49' 



Southern Express Company. 



OFFICERS. 



Title. 


Name. 


Address. 




M F Plant 


Groton Conn 


PrpQifipnt 


M J O'Brien 


71 Broadway, N. Y. 
Atlanta Ga 




Thomas W Learv 




C L LooD 


Chattanoog-a, Tenn. 
71 Broadway, N. Y. 
Chattanooga, Tenn. 
Savannah, Ga. 
Birmingham, Ala. 


Secretary and Treasurer 


G H Tillev 


Mark J. O'Brien 

J. B. Hockaday 

E.M.Williams 


General Superintendent 





EARNINGS AND EXPENSES OF OPERATION. 



Receipts from business done within the State 

Railroad companies' share of the charges on such business 


$ 315,730.02 
152.113.29 

1,644.17 
7,270.09 

11,017.95 
5,549.53 
5,381.41 

18,144.10 
3,031.45 

88,833.77 
2,888.41 
7,980.22 




Net - - - 


$ 163,616.73 


Expenses incidental to above business- 
Property - 


Losses and damage 




General salaries - - 




Superintendents 

Route agents - _ __ 




Messengers-- -_ _ _____ 




Stationery and supplies _ 




Office salaries and expenses 

General expenses- 








Total - - _. _ 


151,741.11 




Net after expenses 


11,875.62 



Corp. 2 32 



498 



N. C. COKPOEATION COMMISSION. 



Postal Telegraph Company. 

OFFICERS. 



Title. 


Name. 


Address. 




C. H. Mackay 

E J Nallv 


253 Broadway, N. Y. 
253 Broadway, N. Y. 
253 Broadway, N. Y. 
253 Broadway, N. Y. 
Atlanta Ga 






H F Hawkins 


Treasurer 

General Superintendent 


Theo. L. Cuyler, Jr. 

Geo. H. Usher 

G W Ribble 


Superintendent 


Richmond Va 







RECEIPTS AND EXPENSES IN NORTH CAROLINA FOR THE YEAR ENDING JUNE 30, 1908. 



Receipts— 

This line receipts 

In State 

Stock and markets 

Money transfers 

District-messenger service 

This line cables 

Rents 

Expenses— 

Salaries 

Commissions 

Messengers 

Rents 

Light and fuel 

Freight and express 

Stationery 

Postage 

Office equipment 

Battery 

Advertising 

Line repairs, etc 

Superintendence 



768. 93 
620.65 
972: 51 
789.08 
69.66 
568.88 
973.00 



264. 72 
902. 15 
289. 18 
525.41 
501.38 
310.66 
853.94 
622.78 
353.09 
926.07 
1.71 
181.52 
689.25 



The Postal Telegraph-Cable Company was organized June 8, 1908, under laws of Delaware. 



THE PULLMA?\T COMPANY. 



499 



The Pullman Company. 

OFFICERS. 



Title. 


Name. 


Address. 


PrAQiHtf^nt 


Robert T Lincoln - - - 


Chicago 111 




A. S. Wenisheimer 

John S. Runnels 

L. E. McPherson 


Chicago 111 




Chicago, 111. 




Chicago, 111. 





CAPITAL STOCK. 



Capital stock . 



$ 25,000.000.00 



PROPERTY OPERATED. 



Total length of main lines of railroads over which its cars are run (miles)- 
Mileage in North Carolina 



195,250 
1,193 



500 



If. C. COEPOKATIOlSr COMMISSION. 



Western Union Telegraph Company. 



OFFICERS. 



Title. 


Name. 


Address. 


President 

Superintendent 


R. C. Clowry 

L J Maxwell 


195 Broadway, New York. 







PROPERTY OPERATED. 



United States and Great Britain (miles) 

Total length of line in North Carolina (miles) 
Miles of pole line in North Carolina 



1,359,430 

22,453 

3,610 



CAPITAL STOCK. 



Capital stock - 



$ 99,817,100.00 



RECEIPTS IN NORTH CAROLINA. 



Receipts from business wholly within North Carolina 

Receipts from the State of North Carolina from interstate business 
Total 



$ 67.294.92 
173,727.72 



241,022.64 



WESTERN UNIOI^ TELEGRAPH COMPANY. 



501 



EXPENSES. 



Managers and operators 

Clerks and office boys 

Battery men 

Messenger service 

Rent 

Fuel and light 

Batteries and instruments 

Stationery 

Miscellaneous 

Taxes 

Legal expenses, damage claims 

Pro rata expense, general superintendent's office 

Pro rata expense, executive office 

Maintenance of lines and w^ires 

Total A 



103,160.08 

6,446.51 

582.00 

26,421.95 

8,862.82 

3,391.32 

15,290.25 

3,683.48 

11,391.37 

6,891.84 

21,140.84 

3,657.00 

5,384.00 

104,951,36 



321,254.82 



502 



1^. C. COEPOEATION COMMISSIOTnT. 



INCOME TAX, 1908. 



County. 


Tax. 


County. 


Tax. 


Alamance 


$ 463.96 


Greene 


$ 8 62 


Alexander 




2,624 05 


Alleghany 


3.00 

193.50 

7.00 

306.45 

56.48 

12.75 

5.00 

1,784.42 

80.55 

■928.74 

155.30 


Halifax 


430.63 


Anson 


Harnett 


120.00 


Ashe 


Haywood 


74.75 


Beaufort ___ _ . . ._ 




83.90 


Bertie . _.. . ._ . _ __ 


Hertford . _ _.. _ _ 


26.95 


^Bladen ..__.. 


Hyde 


28.00 


Brunswick 


Iredell 


410.85 


Buncombe 


Jackson 


17.00 


Burke 


.Johnston 


218 12 


Cabarrus _ _ __ _ ._ 


Jones - 


15.00 


Caldwell 


Lee 


85 50 


Camden 


Lenoir 


480 70 


Carteret 


30.00 

18.00 

320.45 

66.56 

145.50 

224.70 


Lincoln 


74.60 


Caswell 


Macon 


18.90 


Catawba 


Madison 




Chatham 


Martin 


80.00 


Cherokee 


McDowell 


45.75 


Chowan 


Mecklenburg 


3,190.32 


Clay_^ 


Mitchell 


8.00 


Cleveland 


200.81 
297.11 
647.10 
446.03 


Montgomery 


123.90 


Columbus 


Moore 


197.16 


Craven 


Nash 


457.15 


Cumberland 


New Hanover 


3,343.93 


Currituck 


Northampton 


23.80 


Dare 


.80 

349.90 

51.26 

69.25 

2,738.34 

395.17 

2,436.23 

101.95 

942.28 

4.00 


Onslow 


48.98 


Davidson _ _ 


Orange : 

Pamlico _ _ 


440.67 


Davie _ _ 


21.00 


Duplin . - _ _ _ . . 


Pasquotank, 


391.03 


Durham 


Pender 


13 00 


Edgecombe. __ _ _ 


Perquimans 


41.95 


Forsyth 


Person 

Pitt 

Polk - - -- 


70.13 


Franklin 


241.38 




14.00 


Gates 


Randolph 


230.00 




Richmond . . 


406.22 


Granville -.- _- . 


251.00 


Robeson- . 


403.80 



INCOME TAX. 



503 



INCOME TAX— Continued. 



County 

Rockingham 

Rowan 

Rutherford 

Sampson 

Scotland 

Stanly : 

Stokes 

Surry 

Swain 

Transylvania 

Tyrrell 

Union 



Tax. 



910.25 

754.80 

217.37 

15.00 

96.50 

126.30 

16.28 

107.25 

10.00 

30.00 

22.00 

104.61 



County. 



Vance 

Wake 

Warren 

Washington. 

Watauga 

Wayne 

Wilkes 

Wilson 

Yadkin 

Yancey 

Total, __ 



Tax. 



$ 920.93 


2,998.69 


132.97 


33.31 


4.00 


718.82 


117.89 


798.45 


5.00 


36.383.75 



Reports of the Condition of the State, Private and Savings Banks 
at the Close of Business on November 27, 1908, as Appears 
from the Reports Filed in the Office of the Commission. 



BANK OF ABERDEEN, ABERDEEN. 



Henry A. Page, President. 




J. W. Graham 


, Cashier 


RESOURCES. 

Loans and discounts 


S 53,126.40 
26.49 


LIABILITIES. 

Capital stock 


$ 15,000.00 


Overdrafts. . . .... 




2,000.00 


United States bonds 


Undivided profits . . . 


2,323.60 


North Carolina State bonds. . 








All other stocks, bonds and mortgages 




Notes and bills rediscounted 








Bills payable 




Banking house, furniture and fixtures 


4,089.17 


Time certificates of deposit . 








53,025.15 


Demand loans 


1,732.42 

10,768.62 

75.00 

435.00 

283.91 

2,222.00 


Demand certificates of deposit 




Due from banks and bankers 


Due to banks and bankers 




Cash items 


Cashier's checks outstanding 


410.26 


Gold coin. . . . 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total . . . 




Total 


72,759.01 


72,759.01 









BANK OF AHOSKIE, AHOSKIE. 



J. T. Williams, President. 



D. R. McGlohon, Cashier. 



RESOURCES. 


$ 47,639.07 


LIABILITIES. 


$ 12,500.00 


Overdrafts... . . .... 


Surplus fund. . . ... 




United States bonds 






4,149.72 


North Carolina State bonds. . 




Dividends unpaid 










3,000.00 


Premium on bonds 




Bills payable.. . 






2.656. ie 






All other real estate owned 


Deposits subject to check. . . 


61,060 48 








900.00 


Due from banks and bankers 


18,752.43 

6,814.30 

367.50 

310.94 

5,151.00 


Due to banks and bankers 




Cash items 




45.35 


Gold coin 


Certified checks 


35 85 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes . . 


Total 




Total 


81,691.40 


81,691.40 







506 



N. C. CORPOEATIO^' COMMISSION. 



STANLY COUNTY LOAN AND TRUST COMPANY, ALBEMARLE. 



J. R. Pkice, President. 




J. M. Peeler 


, Cashier. 


RESOURCES. 


$ 57,232.38 
2,044.44 


LIABILITIES 

Capital stock 


$ 25,000 00 


Overdrafts .. . . 


Surplus fund 


3 000 00 






500.02 


North Carolina State bonds 




Dividends unpaid 










4,000.00 






Bills payable 


2 012 74 




7,074.00 
1,468.75 










48,714 02 


Demand loans . . 


Demand certificates of deposit 






7,631.66 




958 78 


Cash items. ... 


Cashier's checks outstanding 


388 79 




1,500.00 

513.12 

7,110.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .. . 


Total 




Total 


84,574.35 


84,574.35 









MERCHANTS AND MANUFACTURERS BANK, ANDREWS. 



W. p. Walker. President. 




J. W. Walker 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 26,240.30 
49.57 


liabilities. 
Capital stock 


$ 10,000 00 






2,600.00 


United States bonds 


Undivided profits 


1,357.78 










All other stocks, bonds and mortgages 




Notes and bills rediscounted 




Premium on bonds 




Bills payable 




Banking house, furniture and fixtures 


1,500.00 


Time certificates of deposit 








19,353.28 




2,000.00 

10,683.43 

51.76 

130.00 

• 723.17 

2,100.00 




10,060.79 












104.88 


Gold coin 


Certified checks 


1 50 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes . . 


Total 




Total 


43,478.23 


43,478.23 







MERCHANTS AND FARMERS BANK, APEX. 



W. H. Habward, President. 



J. R. Cunningham, Cashier. 



RESOUKCES. 

Loans and discounts . 


$46,355.16 


liabilities. 
Capita! stock 


$ 5,000.00 






1,500.00 


United States bonds 




Undivided profits 


1,464.23 


North Carolina State bonds 
















Premium on bonds 




Bills payable 




Banking house, furniture and fixtures 

All other real estate owned 


2,543.53 






Deposits subject to check . 


38,650 77 




3,000.00 

34,755.69 

10,304.27 

50.00 

433.30 

5,692.00 




35,885.44 


Due from banks and bankers 


Due to banks and bankers 




Cash items 




633.51 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .. . 


Total 




Total 


103,153.95 


103,153.95 









C()XT)rlMO^' OF state, peivate axd savings banks. 



507 



BANK OF RANDOLPH, ASHBORO. 



0. R. Cox, President. 




W. J. Armfield, Jr. 


, Cashier. 


RESOURCES. 


$147,355.60 
380.91 


LIABILITIES. 


$ 21,400 00 


Overdrafts 




25,000.00 


United States bonds 




7 524 28 


North Carolina State bonds 














2 860 49 




6,000.00 
5,000.00 


Bills payable 




Banking house, furniture and fixtures 


Time certificates of deposit 




All other real estate owned 


Deposits subject to check 


145 813 07 












26,696.85 
2,818.16 
5,715.00 
3,307.92 
5,506.00 








Cashier's checks outstanding 

Certified checks 


182 60 






Silver coin, including all nainor coin currency. . 
National bank notes and other U. S. notes 


Total .... 




Total 


202,780.44 


202,780 44 









BATTERY PARK BANK, ASHEVILLE. 



James P. Sawyer, President. 




J. E. Rankin 


, Cashier. 


RESOURCES. 


$932,263.63 
38,397.41 


liabilities. 
Capital stock 


$ 100,000.00 


Overdrafts 


Surplus fund 


50 000 00 




Undivided profits 


81,177.16 


North Carolina State bonds . ' 


4,000.00 
30,616.67 


Dividends unpaid 




All other stocks, bonds and mortgages 


Notes and bills rediscounted 


10,000 00 


Premium on bonds 


Bills payable 




Banking house, furniture and fixtures 


25,250.00 
12,179.78 


Time certificates of deposit 




All other real estate owned 


Deposits subject to check 


789 745 75 






291,792 04 


Due from banks and bankers 


223,171.16 

61,821.20 

3,019.50 

10,002.91 

47,767.00 




55,667.32 


Cash items 




4,303 06 


Gold coin 




5,803 93 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes. . . 


Total 




Total 


1,388,489.26 


1,388,489.26 







CITIZENS TRUST AND SAVINGS BANK, ASHEVILLE. 



E. L. Ray, President. 




J. A. Campbeli 


, Cashier. 


RESOURCES. 


$219,376,33 
4,142.39 


LIABILITIES. 

Capital stock 


$ 50 000 00 


Overdrafts 






United States bonds 


Undivided profits 


8 421 22 


North Carolina State bonds 




Dividends unpaid 












Premium on bonds 




Bills payable 


20,000 00 


Banking house, furniture and fijftures 


4,000.00 


Time certificates of deposit 




All other real estate owned ... . 


Deposits subject to check 


159 901 71 




12,112.01 
38,490.36 

9,603.35 
180.00 

1,611.73 
10,698.00 




43,242 61 


Due from banks and bankers 




18,418.00 


Cash items 




230 63 


Gold coin. . . . 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


300,214.17 


300 214 17 









508 



N. C. CORPOKATION COMMISSI OX. 



BANK OF AULANDER, AULANDER. 



C. W. Mitchell, President. 




J. W. Mitchell, Cashier. 


RESOURCES. 

Loans and discounts 


$ 26,830.30 
129.28 


LIABILITIES. 

Capital stock 


$ 8 000 00 


Overdrafts 


Surplus fund 




United States bonds 


Undivided profits 


1 537 70 


North Carolina State bonds 








All other stocks, bonds and mortgages 




Notes and bills rediscounted 


2 500 00 










Banking house, furniture and fixtures 


3,104.20 


Time certificates of deposit .... 


7 350 65 


All other real estate owned 


Deposits subject to check 


17 961 35 










Due from banks and bankers 


3,821.71 
2,676.54 

240.00 
53.17 

672.00 


Due to banks and bankers 








144 50 


Gold coin. ... 


Certified checks . . 


33 00 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


37,527.20 


37 527 20 









BANK OF AURORA. AURORA. 



J. B. Whitehurst, President. 




0. M. Hookeb 


, Cashier. 


resources. 


$ 7,835.50 
159.55 


LIABILITIES. 

Capital stock 


$ 10,000.00 






800 00 


United States bonds 


Undivided profits 


1 544 00 


North Carolina State bonds 








All other stocks, bonds and mortgages 




Notes and bills rediscounted 














3,382.66 




269.60 






10,291.69 


Demand loans 




Demand certificates of deposit . . 






8,243.12 
645.00 
420.00 
355.46 

1,864.00 






Cash items 


Cashier's checks outstanding 






Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


22,905.29 


22,905.29 









BANK OF AYDEN, AYDEN. 



Joseph Dixon, President. 




J. R. Smith, Cashier. 


RESOURCES. 


$ 53,869.77 
389.83 


LIABILITIES. 

Capital stock 


$ 25,000.00 


Overdrafts 


Surplus fund 


11,250.00 


United States bonds 


Undivided profits 


826.54 


North Carolina State bonds 




Dividends unpaid 












Premium on bonds 




Bills payable 






610.59 






All other real estate owned 


Deposits subject to check 


48,162.85 




7,500.00 
17,272.14 
419.48 
325.00 
1,418.40 
3,898.00 






Due from banks and bankers 


Due to banks and bankers 


424.71 


Cash items 


Cashier's checks outstanding 


39.11 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total .... 


85,703.21 


85,703.21 









CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



509 



MITCHELL COUNTY BANK, BAKERSVILLE. 



J.S.Wilson, President. 




E. C. Guy 


, Cashier. 


RESOURCES. 


$ 49,239.63 
775.28 


LIABILITIES. 


$ 16,200.00 


Overdrafts 


Surplus fund 




United States bonds 




2,527.41 


North Carolina State bonds 




Dividends unpaid 




All other stocks, bonds and mortgages 


5,000.00 

92.50 

5,834.13 

5,656.80 






Bills payable 


3,000.00 


Banking house, furniture and fixtures 

All other real estate owned 




Deposits subject to check 


43,286 53 


Demand loans 


Demand certificates of deposit 


28,085.11 


Due from banks and bankers 


22,462.84 

492.12 

1,200.00 

211.24 

2,800.00 


Due to banks and bankers 




Cash items 


Cashier's checks outstanding 


565.49 




Certified checks 


100.00 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


93,764.54 


93,764.54 









BANK OF PAMLICO, BAYBORO. 



W. J. Swan, President. 



C. Greene, Cashier. 



RESOURCES. 


$ 28,880.76 


LIABILITIES. 


$ 10,000.00 


Overdrafts 


Surplus fund 










1,493.26 


North Carolina State bonds . 




Dividends unpaid 












Premium on bonds . 




Bills payable . 






500.00 




2 , 177 . 38 


All other real estate owned 


Deposits subject to check . 


21 172 45 










Due from banks and bankers .... 


2,945.91 


Due to banks and bankers 










Gold coin 


80.00 

436.42 

2,000.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .... 


Total 




Total 


34,843.09 


34,843.09 









BANK OF BEAUFORT, BEAUFORT. 



T. A. UzzELL, President. 




Thomas Thomas 


, Cashier. 


RESOURCES. 


$ 60,606.44 
1,267.37 


LIABILITIES. 

Capital stock 


$ 10,000.00 


Overdrafts 


Surplus fund 


8,000 00 


United States bonds . 


686.79 


North Carolina State bonds. . . 




Dividends unpaid 


80 00 








Premium on bonds 




Bills payable.. 






600.00 




12,619.48 


All other real estate owned 


Deposits subject to check 


37 731 06 


Demand loans 






5,115 40 


Due from banks and bankers 


8,716.37 


Due to banks and bankers 


5 00 


Cash items 




43.17 


Gold coin 


500.00 

590.72 

2,000.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


74,280.90 


74 280 90 









510 



I^. C. CORPOKATTON C0M:\1ISSI()N. 



BEAUFORT BANKING AND TRUST COMPANY, BEAUFORT. 



N. W. Taylor. President. 




U. E. SWANN 


, Cashier. 


RESOURCES. 


$ 40,313.97 
261.76 


LIABILITIES. 


$ 15 000 00 


Overdrafts . 


Surplus fund 




United States bonds 




3,134 86 


North Carolina State bonds 




Dividends unpaid 




All other stocks bonds and mortgages 




Notes and bills rediscounted 








Bills payable 


2 500 00 




5,627.13 




16,886 66 






22 999 57 


Demand loans. ... ... 




Demand certificates of deposit. 






6.660.48 

22.22 

475.00 

2,239.38 

2,728.00 

2,013.67 

241.14 

71.00 






Cash items 


Cashier's checks outstanding 


132 66 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .... 


Total 




Interest paid. . 












Total 


60,653.75 


60,653.75 









BANK OF BELHAVEN. BELHAVEN. 



C. p. Aycock, President. 




W. E. Stubbs 


, Cashier. 


RESOURCES. 


$ 81,133,53 
99.09 


LIABILITIES. 

Capital stock 

Surplus fund 


$ 25,000 00 


Overdrafts 


12 500 GO 


United States bonds .. . 


1^635 65 


North Carolina State bonds 




Dividends unpaid 


6 GO 










Premium on bonds 




Bills payable 


10,000 00 




6,503.44 
3,345.47 




6,638.23 


All other real estate owned 


Deposits subject to check 


52 027 89 








Due from banks and bankers . . 


5,297.71 

20.48 

1,262.50 

625.96 

10,267.00 


Due to banks and bankers 


314 26 






177.05 


Gold coin. 


Certified checks .... 


256 10 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


108,555.18 


108,555.18 









BANK OF BELMONT, BELMONT. 



R. L. Stowe, President. 




W. B. PuETT, Cashier. 


resources. 


$ 32,513.54 


LIABILITIES. 


$ 10,000.00 


Overdrafts. . . 


Surplus fund. . 




United States bonds 






1,447.04 










All other stocks, bonds and mortgages 




Notes and bills rediscounted 








Bills payable 


3,000.66 


Banking house furniture and fixtures 


1,500.00 


Time certificates of deposit 


9,836 32 






25,840.49 


Demand loans 




Demand certificates of deposit 






13,306.29 






Cash items 


Cashier's checks outstanding 


109 00 


Gold coin 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


427.02 
2,486.00 


Total 




Total 


50,232.85 


60,232.85 



CONDITION OF STATE, PRIVATE ANT) SAVINGS BANKS. 



511 



FARMERS COMMERCIAL BANK, BENSON. 



John 0. Ellington, President. 



M. T. Britt, Cashier. 



RESOURCES. 

Loans and discounts , . . 


$ 17,069.78 
39.57 


LIABILITIES. 

Capital stock 


$ 5,100 00 






United States bonds 


Undivided profits 


597 78 


























Banking house, furniture and fixtures. 


739.35 


Time certificates of deposit 


480 00 






36,802.52 


Demand loans 


525.00 
21.312.03 


Demand certificates of deposit 




Due from banks and bankers . 


Due to banks and bankers 


75 21 


Cash items 


Cashier's checks outstanding 


377 62 




130.00 

977.40 

2,640.00 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


43,433.13 


43,433 13 









BESSEMER CITY BANK. BESSEMER CITY. 



L. L. Jenkins, President. 




J. J. Ormand 


, Cashier. 


RESOURCES. 


$ 14,221.98 


liabilities. 


$ 5,000 00 








United States bonds 




Undivided profits 


335 07 


North Carolina State bonds 
























Banking house, furniture and fixtures 


1,000.00 


Time certificates of deposit 


2,888 72 






14,446.99 


Demand loans .... 




Demand certificates of deposit 






6,804.77 






Cash items 


Cashier's checks outstanding 


506 63 




110.00 
109.66 
931.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


23,177.41 


23,177.41 









BETHEL BANKING AND TRUST COMPANY, BETHEL. 



M. 0. Blount, President. 




W. H. Woolard 


Cashier. 


resources. 


$ 28,580.39 
625.00 


liabilities. 

Capital stock 


$ 6,000.00 

4.500.00 

437 07 


Overdrafts 


Surplus fund 


United States bonds 




North Carolina State bonds 








All other stocks, bonds and mortgages ... 




Notes and bills rediscounted. 




Premium on bonds 




Bills payable 




Banking house, furniture and fixtures 


1,310.00 


Time certificates of deposit 


3,461 63 


All other real estate owned 


Deposits subject to check 


32,868.89 


Demand loans 






Due from banks and bankers 


14,264.23 






Cash items 






Gold coin ) 


2,487.97 


Certified checks 




Silver coin, including all minor coin currency > 
National bank notes and other U. S. notes . . \ 


Total 




Total 


47,267.59 


47,267.59 







512 



N. C. CORPORATION COMMISSION. 



COMMONWEALTH BANK, BLACK MOUNTAIN. 



J. W. Dougherty, President. 




S. E. McNeely 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 30,938.84 


LIABILITIES. 

Capital stock 


$ 10,000.00 


Overdrafts 


Surplus fund 


United States bonds 






2 046 26 


Nortii Carolina State bonds 




Dividends unpaid 




All other stocks, bonds and mortgages 


1,000.00 


Notes and bills rediscounted 




Premium on bonds 


Bills payable 


3,000.00 

2,609.50 

25 505 88 


Banking house, furniture and fixtures 




Time certificates of deposit 


All other real estate owned 


4,591.60 
950.00 

3,399.75 
165.45 
105.00 
207.45 
590.00 

1,637.51 




Demand loans 


Demand certificates of deposit 




Due from banks and bankers 






Cash items 


Cashier's checks outstanding 

Certified checks 


423.96 


Gold coin 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes. . . 


Total 








Total 


43 585 60 


43 585 60 











BANK OF BLADENBORO, BLADENBORO. 



H. C. Bridgers, President. 



H. C. Bridgers, Jr., Cashier. 



resources. 


$ 38,839.06 


liabilities. 


$ 10,000 00 


Overdrafts 


Surplus fund 


5 000 00 








1^543 65 


North Carolina State bonds. . ... 




Dividends unpaid 












Premium on bonds 




Bills payable 






3,500.00 




4,904.17 


All other real estate owned 


Deposits subject to check. . . 


27 349 57 


Demand loans 




Demand certificates of deposit 






5,052.21 










232.75 




150.00 

70.87 

1,418.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


49,030.14 


49,030.14 









BANK OF BLOWING ROCK, BLOWING ROCK. 



C. J. Parlier, President. 




G. M. Sudderth 


, Cashier. 


resources. 
Loans and discounts 


$ 11,942.92 
493.86 


liabilities. 
Capital stock 


$ 5,000.00 










413.02 


North Carolina State bonds 




Dividends unpaid 
















Bills payable . . 






2,435.45 




5,353.52 


All other real estate owned 


Deposits subject to check 


12,085.88 












7,769.13 










1,685.46 




797.50 
553.02 
526.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


24,517.88 


24,517.88 



CONDITIOW^ OF STATE, PRIVATE AND SAVINGS BANKS. 



51:^ 



WATAUGA COUNTY BANK. BOONE. 



N. L. Mast, President. 




G. P. Hagaman 


, Cashier. 


RESOURCES. 


$ 30,024.46 
227.69 


LIABILITIES. 


$ 10,000.00 


Overdrafts 


Surplus fund 








2,891.33 


North Carolina State bonds. . 




Dividends unpaid . . . 






















2,331.69 




7,728.21 


All other real estate owned 


Deposits subject to check. . . 


24,591 91 










Due from banks and bankers 


10,344.19 


Due to banks and bankers. . 








1,152.27 


Gold coin . . . 


1,670.00 

307.69 

1,458.00 


Certified checks .... 




Si Iver coin, including all minor coin currency. . 
National bank notes and other U. S. notes . ... . 


Total 




Total 


46,363.72 


46,363 72 







BREVARD BANKING COMPANY, BREVARD. 



J. F. Hays, President. 




T. H. Shipman 


, Cashier. 


RESOURCES. 

Loans and discounts 


$145,282.97 
3,156.25 


LIABILITIES. 

Capital stock 


$ 50,000 00 




15,000 00 


United States bonds . . . 


Undivided profits 


2 511 99 












3,140.00 










10,000 00 




5,824.98 




27,472.11 






80,853 67 


Demand loans 




Demand certificates of deposit 






24,413.08 

1,426.67 

470.00 

1,562.71 

8,041.00 




7,216 42 


Cash items 


Cashier's checks outstanding 

Certified checks 


263 47 






Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


193,317.66 


193 317 66 









BRYSON CITY BANK. BRYSON CITY. 



D. K, Collins, President. 




J. R. Long 


, Cashier. 


RESOURCES. 


$ 68,613.10 
.95 


LIABILITIES. 

Capital stock 


$ 12,500 00 


Overdrafts... 


Surplus fund 




United States bonds 




1,542 82 


North Carolina State bonds 




Dividends unpaid 




All other stocks, bonds and mortgages 


4,231.50 


Notes and bills rediscounted . . . 




Premium on bonds . . 


Bills payable 




Banking house, furniture and fixtures 


422.62 
1,500.00 


Time certificates of deposit 




All other real estate owned .... 


Deposits subject to check 


46 288 93 






35,943 59 


Due from banks and bankers 


19,343.69 

168.38 

510.00 

683.77 

3,371.00 








Cashier's checks outstanding 

Certified checks 


572 67 


Gold coin. . . . 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


96,848.01 


96,848 01 







■ 14 



C. CORPORATIOX ('():\I M ISSIOX. 



BANK OF PENDER. BUffGAW. 



W. D. Croom, President. 




C. C. Branch 


.Cashier. 


RESOURCES. 

Loans and discounts 


$ 54,048.89 
32.86 


LIABILITIES. 

Capital stock . . 


$ 12,500 00 








United States bonds 


Undivided profits 


3,127 08 


















Premiuni on bonds 




Bills payable 






6,056.30 
500.00 






All other real estate owned 


Deposits subject to check. . . 


54.735 64 






50.00 




5,836.99 

262.76 

25.00 

592.50 

3,200.00 






Cash items 


Cashier's checks outstanding 


142 58 








Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 


. 


Total 


70,555.30 


70,555.30 









ALAMANCE LOAN AND TRUST COMPANY. BURLINGTON. 



J. H. Holt. President. 



J. M. Fix. Cashier. 



RESOURCES. 

Loans and discounts 


$200,625.67 
11,195.97 


LIABILITIES. 

Capital stock 


$ 60,000.00 


Overdrafts 


Surplus fund 

Undivided profits 

Dividends unpaid 


3 600 00 


United States bonds 


6.859.19 


North Carolina State bonds 




20 00 










Premium on bonds 




Bills payable 






1,650.66 




54,348.18 


All other real estate owned . 


Deposits subject to check. . . 


251,161.55 


Demand loans 




Demand certificates of deposit 




Due from banks and bankers . . . 


132,520.87 

26,744.41 

75.00 

1,654.24 

3,371.00 


Due to banks and bankers . 


1,346.52 




Cashier's checks outstanding 

Certified checks 


325.75 


Gold coin 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Accrued interest due depositors 


175 97 


'Total 




Total 


377,837.16 


377,837.16 







PIEDMONT BANK. BURLINGTON. 



J. W. Murray, President. 




H. L. Fowler 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 20,977.56 
207.23 


LIABILITIES. 

Capital stock 


$ 10,000.00 








United States bonds 


Undivided profits. . . . 


324.06 










All other stocks, bonds and mortgages 




Notes and bills rediscounted 


3,610.00 


Premium on bonds 




Bills payable 






1,788.88 




8,022.47 






12,145.42 




11,200.00 






Due from banks and bankers 


Due to banks and bankers 


1,695 53 




739.58 

55.00 

283.42 

956.00 




410.19 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total . , 




Total 


36,207.67 


36,207.67 









CONDITION OF STATE, PRIVATE 



AND SAVINGS BANKS. 



1;1 



BANK OF YANCEY, BURNSVILLE. 



J. W. HiGGiNs, President. 




J. M. Lyon, Cashier. 


RESOUHCES. 


$ 66,042.85 
114.20 


LIABILITIES. 

Capital stock 


$ 18,000.00 


Overdrafts 


Surplus fund 


1,000.00 




2,549.70 


North Carolina State bonds 




Dividends unpaid 
















Bills payable 






3,264.33 




62,451.09 






26,956.41 


Demand loans 




Demand certificates of deposit 




Due from banks and bankers 


30,545.06 

7.35 

2,097.50 

537.89 

9,225.00 


Due to banks and bankers 




Cash items 


Cashier's checks outstanding 


426.98 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U.S. notes 




450.00 


Total 




Total .... 


111,834.18 


111,834.18 









CITIZENS BANK, BURNSVILLE. 



S. G. Byrd, President. 



.James B. Hensley, Cashier. 



RESOURCES. 

Loans and discounts 


$ 13,426.11 
132.71 


LIABILITIES. 

Capital stock . . . 


$ 10,000 00 


Overdrafts 




31.73 


United States bonds 


Undivided profits ... 


310 17 


North Carolina State bonds 




Dividends unpaid 




All other stocks, bonds and mortgages . . . 




Notes and bills rediscounted 








Bills payable 




Banking house furniture and fixtures. 


3,905.13 


Time certificates of deposit 


7 379 33 






13,194 93 


Demand loans 




Demand certificates of deposit 






7,061.08 
265.70 

2,290.00 
877.32 

3,000.00 






Cash Kems 


Cashier's checks outstanding 


41 89 


Gold coin. ... 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


30,958.05 


30,958 05 









BANK OF CANTON, CANTON. 



Alden Howell, President. 



G. N. Henson, Cashier. 



resources. 
Loans and discounts 


$ 24,392.50 
249.51 


LIABILITIES. 

Capital stock 


$ 13 815 00 


Overdrafts 




United States bonds 


Undivided profits 


586 34 










All other stocks, bonds and mortgages . . 


2,916.60 


Notes and bills rediscounted 


515 00 




Bills payable 




Banking house, furniture and fixtures 


7,500.00 










15,200 94 


Demand loans 


407.35 

4,117.56 

522.90 


Demand certificates of deposit 


12 286 63 








Cash items 


Cashier's checks outstanding 


148 00 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


543.49 
1,902.00 


Total 




Total . 


42,551.91 


42,551.91 







516 



N. C. CORPOKATION COMMISSION. 



CHAMPION BANK, CANTON. 



G/W. Maslin, President. 




J. H. KiRKPATRicK, Assistant Cashier. 


RESOmiCES. 

Loans and discounts 


$ 31,266.01 
103.86 


LIABILITIES. 

Capital stock 


$ 10,000 00 


Overdrafts 




United States bonds 


Undivided profits . . 


2,446 70 


North Carolina State bonds 




Dividends unpaid 












Premium on bonds 




Bills payable 




Banking house, furniture and fixtures 

\11 other real estate owned 


3,691.71 






Deposits subject to check 


29,126 47 








17,343.37 


Due from banks and bankers 


20,651.91 

296.68 

285.00 

947.61 

1,796.00 


Due to banks and bankers. . 








125.24 


Gold coin . . 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S notes 


Total 




Total 


59,041.78 


59,041.78 









BANK OF CARTHAGE. CARTHAGE. 



W. J. Adams, President. 




D. S. Ray 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 68.335.99 
2.457.75 


LIABILITIES, 

Capital stock . . 


$ 10,000 00 


Overdrafts 






United States bonds 


Undivided profits 


2,581 42 










All other stocks, bonds and mortgages 




Notes and bills rediscounted 


8,795.10 










Banking house, furniture and fixtures. . 


2,550.36 


Time certificates of deposit 


i,62i.66 






62,476.64 


Demand loans. ... .... 




Demand certificates of deposit 




Due from banks and bankers 


4,021.36 
2,000.00 
1,000.00 
2,971.12 
3,000.00 


Due to banks and bankers 


18 88 






843.54 








Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total . .. 




Total 


86,336.58 


86,336.58 









BANK OF MOORE. CARTHAGE. 



U. L. Spence, President. 




M. G. Dalrymple, Cashier. 


- 

RESOURCES. 


$ 33,627.64 


LIABILITIES. 

Capital stock 


$ 15,000.00 


Overdrafts . .... 


Surplus fund. 




United States bonds 






1,188.27 


North Carolina State bonds. . 








All other stocks, bonds and mortgao'es 




Notes and bills rediscounted 








Bills payable 




Bankino' house, furniture and fixtures 


2,571.10 


Time certificates of deposit 


10,957.92 






30.506.71 


Demand loans 


1,300.00 

14,248.44 

440.00 

800.00 

810.82 

3,900.00 


Demand certificates of deposit. . . . 










Cash items 


Cashier's checks outstanding 


45. io 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


57,698.00 


57,698.00 







CONDITIOTs" OF STATE, PRIVATP: AND SAVINGS BANKS. 



517 



BANK OF CHADBOURN. CHADBOURN. 



J. A. Brown, President. 




D. C. Clark, Cashier. 


RESOURCES 


$ 36,149.15 
1,825.32 


LIABILITIES. 


$ 10,000.00 


Overdrafts 


Surplus fund. . 


2,000.00 


United States bonds 




417.48 


North Carolina State bonds 




Dividends unpaid . . 












Premium on bonds 




Bills payable . . 


12,000.00 




4,000.00 






All other real estate owned 


Deposits subject to check. . 


30,448.75 




5,523.79 
4,586.19 
32.00 
75.00 
1,109.66 
1,890.00 






Due from banks and bankers 


Due to banks and bankers . 






Cashier's checks outstanding 

Certified checks . 


324.88 


Gold coin 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .... 


Total 




'I'otal 


55,191.11 


55,191.11 







I 



BANK OF CHAPEL HILL, CHAPEL HILL. 



J. C. Taylor, President. 




W. D. WILDMA^ 


Cashier. 


RESOURCES. 


$129,545.83 
126.85 


LIABILITIES. 


$ 15,000.00 


Overdrafts . . 


Surplus fund. . 


6,000.00 






1,706.48 


North Carolina State bonds. . 




Dividends unpaid 






1,000.00 






Premium on bonds . . . 


Bills payable. ... 






2,650.82 




84,864.96 


All other real estate owned 


Deposits subject to check 


46,074 85 




482.82 

15,276.93 

78.39 

957.50 

1,213.70 

3,562 00 






Due from banks and bankers 


Due to banks and bankers 








400.00 


Gold coin 






Silver coin, including all minor coin currency. . 


Accrued interest due depositors 


848.55 


National bank notes and other U. S. notes 


Total 




Total 


154,894.84 


154,894.84 









PEOPLES BANK. CHAPEL HILL 



H. H. Williams, President. 




H. Lloye 


, Cashier. 


RESOURCES. 

Loans and discounts 


S 23,145.58 


LIABILITIES. 

Capital stock 


$ 5 000 00 


Overdrafts 






United States bonds 




Undivided profits 


119 35 


North Carolina State bonds 




Dividends unpaid . . 




All other stocks, bonds and mortgages 
















Banking house, furniture and fixtures 


1,886.25 




8,851.04 






20,343 97 


Demand loans 




Demand certificates of deposit 






6,077.83 






Cash items 


Cashier's checks outstanding 




Gold coin 


30.00 

460.70 

2,714.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .... 


Total 




Total 


34,314.36 


34,314 36 









IS 



X. C. COEPOEATION COMMISSIOlSr. 



AMERICAN TRUST COMPANY. CHARLOTTE. 



George Stephens, President. 



W. H. Wood. Cashier. 



RESOURCES. 

Loans and discounts 


$1,159,700.19 

570.82 


li.\bilities. 
Capital stock. ... . ... 


$ 350,000.00 


Overdrafts 










127,882.87 


North Carolina State bonds. . 




Dividends unpaid 












Premium on bonds 




Bills payable ... 


210,000.00 




3,000.00 




70,222.12 






494,128.74 


Demand loans . 




Demand certificates of deposit 


37 765 09 




195,720.89 

24,286.92 

5,197.50 

5,722.25 

50,320.00 




152,670.93 


Cash items. . . . 


Cashier's checks outstanding 


1,848 82 




Certified checks 




Silver coin, including all minor coin currency 
National bank notes and other U. S. notes . . 


Total 




Total 


1,444,518.57 


1,444,518.57 









SOUTHERN LOAN AND SAVINGS BANK, CHARLOTTE. 



John M. Scott, President. 




W. L. Jenkins 


, Cashier. 


resources. 
Loans and discounts 


$ 216,784.64 


liabilities. 
Capital stock 


$ 50,000 00 






6,250.00 


United States bonds . . 




Undivided profits 


12,750.15 


North Carolina State bonds 


10,000.00 
11,337.75 






All other stocks, bonds and mortgages 


Notes and bills rediscounted . . . . 








20,000.00 


Banking house, furniture and fixtures 


1,500.00 


Time certificates of deposit 








173,242.12 


Demand loans 


18,950.00 

27,392.49 

58.45 

200.00 

71.16 

1,391.00 


Demand certificates of deposit 


22,024.60 








Cash items 


Cashier's checks outstanding 


2,405.08 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency 
National bank notes and other U. S. notes . . 


Accrued interest due depositors 

Total 


1.013.54 


Total. . . 


287,685.49 


287,685 49 







CHERRYVILLE BANK, CHERRYVILLE. 



S. S. Mauney, President. 



M. L. Mauney, Cashier. 



resources. 
Loans and discounts 


S 48,444.22 
435.05 


liabilities. 
Capital stock 


$ 15,000.00 




Surplus fund 

Undivided profits 


2,000.00 


United States bonds 


1,044.47 


North Carolina State bond^ 




Dividends unpaid 












Premium on bonds 




Bills payable 


10,500.00 




1,563.00 




11,958.82 


All other real estate owned 


Deposits subject to check 


22,261.41 












11,968.65 








Cashier's checks outstanding 

Certified checks ' 


30.20 


Gold coin 






Silver coin, including all minor coin currency 
National bank notes and other U. S. notes . . 


233.84 
650.00 


Savings deposits 

Total 


499.86 


Total...... . 


63,294.76 


63,294.76 









CONDITION OF STATE, PK1\^ATE AND SAVINGS BANKS. 



519 



BANK OF CHINA GROVE, CHINA GROVE. 



C. B. Miller, President. 




W. C. SiFFERD 


, Cashier. 


RESOURCES. 


$ 42,504.02 
150.97 


LIABILITIES. 

Capital stock 


$ 10,000.00 


Overdrafts . . 


Surplus fund 


1,000.00 


United States bonds 


Undivided profits 


380.59 


North Carolina State bonds. . 








All other stocks bonds and mortgages 




Notes and bills rediscounted 




Premium on bonds 




Bills payable 


2,000.00 


Banking house, furniture and fixtures 


797.50 


Time certificates of deposit 


19,«26 47 




20,760.89 


Demand loans 




Demand certificates of deposit 






5,887.49 










206.57 


Gold coin . . . 


725.66 

311.54 

3,798.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total . . . 




Total 


54,174.52 


54,174.52 









BANK OF BLADEN, CLARKTON. 



L. B. Evans, President. 



E. C. Clark, Cashier. 



RESOURCES. 


$ 45,619.41 
92.61 


LIABILITIES. 


1 15,000.00 


Overdrafts 


Surplus fund 




United States bonds 




1,595.75 


North Carolina State bonds. . ... 




Dividends unpaid 












Premium on bonds 




Bills payable . . 






1,742.13 






All other real estate owned 


Deposits subject to check. . 


42,106.54 










Due from banks and bankers. . . 


6,909.05 


Due to banks and bankers 








112.38 


Gold coin. . 


100.00 
1,747.47 
2,604.00 

58,814.67 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total. . . . 


58,814.67 









CLAYTON BANKING COMPANY. CLAYTON. 



Ashley Horne, President. 



C. M. Thomas, Cashier. 



resources. 
Loans and discounts 


$ 55,162,23 
7,788.99 


LIABILITIES. 

Capital stock 


$ 10 000 00 


Overdrafts 


Surplus fund. . 


5,000.00 


United States bonds 


Undivided profits 


2 165 10 


North Carolina State bonds 




Dividends unpaid 


17.00 










Premium on bonds 




Bills payable 


5,000.00 




3,655.04 




All other real estate owned 


Deposits subject to check . . . 


63,610.76 


Demand loans 


2,000.00 
9,861.69 


Demand certificates of deposit 




Due from banks and bankers 


Due to banks and bankers. . 




Cash items 


Cashier's checks outstanding 


90 61 




1,000.00 
1,649.52 
4,876.00 


Certified checks 


100.00 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes. . . 


Total 




Total 


85,983.47 


85,983.47 









20 



N. C. CORPORATTOX COMMTSSTON. 



MERCHANTS AND FARMERS BANK, CLEVELAND. 



J. A. Lterly, President. 




C. H. ROSEBRC 


, Cashier. 


BESOTJRCES. 

Loans and discounts 


$ 13,582.86 
91.25 


LFABILITIES. 

Capital stock 


$ 5 000 00 


Overdrafts 






United States bonds 


Undivided profits 


182 80 


North Carolina State bonds 








All other stocks, bonds and mortgages 




Notes and bills rediscounted . . 












Banking house, furniture and fixtures 


660.32 


Time certificates of deposit 


6,073 26 


All other real estate owned 


Deposits subject to check 


15 100 72 










Due from banks and bankers 


9,379.88 


Due to banks and bankers 








96 70 


Gold coin 


140.00 

776.17 

1,823.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


26,453.48 


26,453 48 









BANK OF CLINTON. CLINTON. 



L. A. Bethune, President. 




H. McKlNNON 


, Cashier. 


RESOUKCES. 


$111,103.04 
3,640.38 


LIABILITIES. 


$ 20,000.00 


Overdrafts. . . 


Surplus fund. . 


9,000.00 


United States bonds 


Undivided profits 


3 806 94 












8,500.00 












Banking house, furniture and fixtures 


10,919.57 


Time certificates of deposit 


74,519 39 






86,279.87 


Demand loans 


6,930.00 
42,150.16 
2,575.36 
1,040.00 
2,999.57 
6,150.00 


Demand certificates of deposit 


1,223 71 








Cash items. . . . 


Cashier's checks outstanding .... 










Silver coin, including all minor coin currency. . 


Accrued interest due depositors ' 


1,178.17 


National bank notes and other U. S. notes. . . 


Total 




Total 


196,008.08 


196,008.08 









BANK OF SAMPSON. CLINTON. 



George A. Norwood, Jr., President. 




W. F. Peterson, Cashier. 


RESOURCES. 

Loans and discounts . . . 


$ 36.680.96 
1,009.93 


liabilities. 
Capital stock 


$ 15,000.00 






1,000.00 


United States bonds 


Undivided profits 

Dividends unpaid 


735.81 


North Carolina State bonds 


















Bills payable 


3,500.00 




5,527.50 


11,302.03 


All other real estate owned 


Deposits subject to check 


17,823.86 


Demand loans 


550.00 
1,920.24 
407.50 
705.00 
568.46 
2,401.00 


Demand certificates of deposit . 














106.55 


Gold coin . 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U.. S. notes 


Accrued interest due depositors 


302.34 


Total 




Total 


49,770.59 


49,770.59 









CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



521 



MERCHANTS AND FARMERS BANK, COLUMBIA. 



B. F. Duncan, President. 



R. H. Spruill, Cashier. 



RESOURCES. 

Loans and discounts 


$ 21,571.70 
1,869.78 


LIABILITIES. 

Capital stock 


$ 10,000 00 


Overdrafts . 




1,400.00 


United States bonds 


Undivided profits . . . 


266 58 


North Carolina State bonds. . 








All other stocks bonds and mortgages 




Notes and bills rediscounted 








Bills payable 




Banking house furniture and fixtures 


3,715 12 


Time certificates of deposit 










21,078.80 


Demand loans 




Demand certificates of deposit 






1,440.22 












Gold coin. ... 


85.00 

111.56 

3,952.00 

32,745.38 


Certified checks , 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


32,745.38 









CABARRUS SAVINGS BANK, CONCORD. 



H. I. WooDHOusE, President. 




C. W. SWINK 


, Cashier. 


RESOURCES. 

Loans and discounts 


$496,138.57 
6,405.89 


LIABILITIES. 

Capital stock 

Surplus fund 

Undivided profits 


$ 96,000.00 


Overdrafts 


20,000.00 


United States bonds 


22,623.56 






4.00 


















Banking house, furniture and fixtures. 


5,650.00 


Time certificates of deposit 


137,036.24 






326,692.16 


Demand loans ... 




Demand certificates of deposit 






53,879.89 
17,320.66 
16,185.00 

5,858.54 
14,361.00 




8,489.66 


Cash items 


Cashier's checks outstanding 


453 93 




Certified checks 




Silver coin, including all minor coin currency 


Accrued interest due depositors 


4,500.00 


National bank notes and other U. S. notes. . . . 


Total 




Total 


615,799.55 


615,799.55 



CITIZENS BANK AND TRUST COMPANY. CONCORD. 



A. ,J. YoRKE, President. 




C. B. Wagoneb 


, Cashier. 


RESOURCES. 

Loans and discounts 


8144,891.72 
2,081.62 


LIABILITIES. 

Capital stock 


$ 30 000 00 


Overdrafts 


Surplus fund 


2,000 00 


United States bonds . . . 


Undivided profits 


2 214 22 








3 00 


All other stocks, bonds and mortgages 




Notes and bills rediscounted 


18 200 00 


Premium on bonds 




Bills payable 


5,000 00 




4,549,31 




53,531.49 






63,805 96 


Demand loans . . 




Demand certificates of deposit 






14,765.14 

957.76 

1,927.36 

1,944.41 

4,336.00 

200.00 






Cash items 


Cashier's checks outstanding 


898 65 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 








Total 


175,653.32 


175 653 32 







522 



N. G. CORPORATION COMMISSION. 



BANK OF COOLEEMEE, COOLEEMEE. 



J. B. Mason, President. 




J. H. Rice 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 30,493.32 


LIABILITIES. 

Capital stock 


$ 5 000 00 






' 


United States bonds 




Undivided profits 


1 023 55 


North Carolina State bonds 








All other stocks, bonds and mortgages 




Notes and bills rediscounted 




Premium on bonds 




Bills payable 




Banking house, furniture and fixtures 


586.99 


Time certificates of deposit 


17,785 94 


All other real estate owned 


Deposits subject to check 


16 371 89 




4,360.00 
1,603.93 
19.70 
190.00 
1,256.65 
3,075.00 




1,000 00 


Due from banks and bankers 


Due to banks and bankers 




Cash items 


Cashier's checks outstandino' 


404 21 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U.S. notes 


Total 




Total 


41,585.59 


41,585 59 









BANK OF CORNELIUS, CORNELIUS. 



F. C, Sherrill, President. 




J. T. Beard, Cashier. 


RESOTOCES. 

Loans and discounts . . 


$81,S39.87 
977.34 


liabilities. 
Capital stock . 


$ 20 000 00 








United States bonds 


Undivided profits 


3,268.69 










All other stocks, bonds and mortgages . . 




Notes and bills rediscounted . . 








Bills payable 


15,000.00 


Banking house, furniture and fixtures. 


800.00 


Time certificates of deposit 








18,920.01 


Demand loans . . . . 




Demand certificates of deposit. ... 


34,128 30 




4,224.13 






Cash items 


Cashier's checks outstanding . . . 


273 57 




600.00 

129.23 

3,020.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


91,590.57 


91,590.57 









CITIZENS BANK, CREEDMOOR. 



Z. E. Lyon, President. 




I. E. Harris 


, Cashier. 


RESOXniCES. 

Loans and discounts 


$ 51,872.04 


liabilities. 
Capital stock 


$ 10,000 00 






2,000.00 


United States bonds 




Undivided profits 


526.97 


North Carolina State bonds. . . 






10.00 


All other stocks, bonds and mortga^'es 


7,000.00 


Notes and bills rediscounted 




Premium on bonds 


Bills payable 




Banking house, furniture and fixtures 

All other real estate owned 


3,475.00 




40,949.94 


Deposits subject to check. ... 


37,784 82 




2,550.00 

24,295.58 

312.50 

100.00 

691.97 

4,050.00 






Due from banks and bankers 


Due to banks and bankers 


3,024.34 


Cash items . . 




51.02 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total ' 




Total 


94,347»09 


.. 94,347.09 









CONDITIOX OF 8TATE, PRIVATE AND SAVINGS BANKS. 



523 



BANK OF CRESWELL, CRESWELL. 



Thomas W. Blount, President. 



D. E. WooDLEY, Cashier. 



RESOURCES, 

Loans and discounts 


$ 7,951.67 


LIABILITIES. 

Capital stock 


$ 5,000.00 


United States bonds 




Undivided profits 


510 24 










All other stocks, bonds and mortgages 




Notes and bills rediscounted 








Bills payable 




Banking house furniture and fixtures 


800.00 


Time certificates of deposit 


574 76 


All other real estate owned .... 


Deposits subject to check 


6,983.32 


Demand loans 








Due from banks and bankers 


3,250.44 


Due to banks and bankers . . . 






Cashier's checks outstanding 

Certified checks 


5.40 


Gold coin 


82.50 
101.76 
923.00 


35.65 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total. .. 




Total 


13,109.37 


13,109.37 









BANK OF DALLAS, DALLAS. 



L. L. Jenkins, President. 




M. A. Carpenter 


, Cashier 


RESOURCES. 


$ 45.169.93 
456.75 


LIABILITIES. 

Capital stock 


$ 10,000.00 


Overdrafts... 








3,375.58 


North Carolina State bonds . 




Dividends unpaid 












Premium on bonds 




Bills payable 


12,000.00 




6,000.00 




16,145.17 


All other real estate owned 


Deposits subject to check. . . 


20,768.43 




2,140.15 

7,371.83 

83.50 

382.50 

285.58 

460.00 






Due from banks and bankers 


Due to banks and bankers. . 








61.06 


Gold coin 


Certified checks 




Silver coin, includins all minor coin currency. . 
National bank notes and other U. S. notes ... 


Total 




Total. . 


62,350.24 


62,350 24 









BANK OF STOKES COUNTY, DANBURY-WALNUT COVE. 



T. Chilton, President. 



N. E. Pepper, Cashier. 



RESOURCES. 

Loans and discounts 


$ 46,886.46 
726.64 


LIABILITIES. 

Capital stock 


$ 10,000 00 








United States bonds 


Undivided profits. . . . 


2,198 89 


















Premium on bonds 




Bills payable 




Banking house, furniture and fixtures. . . . 


3,341.22 


Time certificates of deposit 








41,620.70 


Demand loans 




Demand certificates of deposit 


38,969 02 


Due from banks and bankers 


35,038.92 

1,535.79 

104.50 

810.14 

5,867.00 










1,522 06 


Gold coin. . . 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


94,310.67 


94 310 67 









524 



COKPORATION COMMISSION, 



BANK OF DOVER, DOVER. 



G. V. Richardson, President. 




W. H. Caton 


Cashier . 


RESOURCES. 


$ 10,813.50 
3,626.60 


LIABILITIES. 

Capital stock 


$ 5,000 00 


Overdrafts 


Surplus fund. . 




United States bonds 


Undivided profits 


930 58 


North Carolina State bonds 




Dividends unpaid 




All other stocks, bonds and mortgages 




Notes and bills rediscounted 


2 000 00 










Banking house, furniture and fixtures 


1,665.14 


Time certificates of deposit 


2.313.17 


All other real estate owned 


Deposits subject to check 


9,731.34 


Demand loans 




Demand certificates of deposit 


Due from banks and bankers 


1,855.43 

1,000.00 

25.00 

180.42 

809.00 












Gold coin. . . . 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


19,975.09 


19 975 09 









BANK OF HARNETT, DUKE. 



B. N. Duke, President. 




E. P. Davis 


Cashier. 


RESOURCES. 


$ 49,352.69 
15.32 


LIABILITIES. 


$ 10,000 00 


Overdrafts 




3,500.00 


United States bonds 


Undivided profits 


2,919 80 


North Carolina State bonds 












Premium on bonds 




Bills payable 






512.50 




25,807.05 


All other real estate owned 


Deposits subject to check 


20,215 64 








16.00 


Due from banks and bankers 


8,390.22 


Due to banks and bankers . 








2,785.46 


Gold coin 


210.00 
2,113.22 
4,650.00 


Certified checks . . 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes. . . 


Total 




Total 


65,243.95 


65,243.95 









BANK OF CAPE FEAR, DUNN. 



John E. Wilson, President. 




M. B. Wilson, Assistant Cashier. 


RESOURCES. 


$ 19,155.69 
792.56 


LIABILITIES. 


$ 9,000.00 


Overdrafts . . 






United States bonds 


Undivided profits . . 


175.54 


North Carolina State bonds 








All other stocks, bonds and mortgages 


700.00 


Notes and bills rediscounted 


5,609.51 




Bills payable 


3,000.00 


Banking house, furniture and fixtures 


3,000.00 


Time certificates of deposit 








17,914.90 


Demand loans 


450.00 
9,934.89 
207.76 
100.00 
324.85 
1,151.00 


Demand certificates of deposit 














116.80 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


35,816.75 


35,816.75 









CONDITION OF STATE, PKIVATK AND SAVINGS BANKS. 



52i 



FIDELITY BANK, DURHAM. 



B. N. Duke, President. 




J. F. Wily 


Cashier. 


RESOURCES. 


$931,613.24 

226.66 


LIABILITIES. 


$ 100,000.00 


Overdrafts 


Surplus fund. 


300 000 00 


United States bonds 




41,498.03 


North Carolina State bonds 




Dividends unpaid 


671 50 


All other stocks, bonds and mortgages 


138,246.23 


Notes and bills rediscounted 




Premium on bonds 


Bills payable 






7,343.00 






All other real estate owned 


Deposits subject to check 


627 616 66 




213,123.63 

223,816.89 

23,719.95 

5,430.00 

12,313.57 

26,226.00 




391,658.71 


Due from banks and bankers 


Due to banks and bankers 


113 505 73 






1,892.15 


Gold coin 


Certified checks 


216 39 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes. . . 


Accrued interest due depositors 

Total 


5,000.00 


Total 


1.582,059.17 


1,582,059.17 









HOME SAVINGS BANK, DURHAM. 



George W. Watts, President. 




T. B. Peirce, Jr 


, Cashier. 


RESOURCES. 


$176,119.18 


liabilities. 
Capital stock 


$ 50,000.00 








United States bonds 






6,780.66 


North Carolina State bonds 






37 50 




20,542.34 






Premium on bonds 


Bills payable 






2,500.00 




57,001.11 


All other real estate owned 


Deposits subject to check. . . 


22,361 81 




59,711.00 

7,993.27 

8,637.90 

410.00 

662.33 

1,281.00 




141,225.81 


Due from banks and bankers 


Due to banks and bankers . 






Cashier's checks outstanding 

Certified checks 


450.13 


Gold coin 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes. . . 


Total .... 




Total 


277,857.02 


277,857 02 









MECHANICS AND FARMERS BANK, DURHAM. 



R. B. Fitzgerald, President. 



W. G. Pearson, Cashier. 



resources. 
Loans and discounts . . 


$ 14,023.29 


liabilities. 
Capital stock 


$ 10 430 00 








United States bonds . . . 




Undivided profits 


415 82 










All other stocks, bonds and mortga^^es 




Notes and bills rediscounted 








Bills payable 






1,380.74 










9,668.22 


Demand loans . 




Demand certificates of deposit 






4,335.10 
234.50 

15.00 
205.80 

35.00 
639.67 






Cash items 


Cashier's checks outstanding 


355 06 




Certified checks 




Silver coin, including all minor coin currency. . 

National bank notes and other U. S. notes 

Expenses 


Total. . . 








Total 


20,869.10 


20,869.10 









526 



N. C. COEPOEATION COMMISSION, 



MERCHANTS BANK, DURHAM. 



C. 0. Thomas, President. 




J. A. Warren, Assistant Cashier. 


RESOXTRCES. 


$ 96,487.84 
25.11 


LIABILITIES. 


$ 26,150 00 


Overdrafts 


Surplus fund 


1 345 00 


United States bonds 




356.82 


North Carolina State bonds. . 




Dividends unpaid 


1 50 








Premium on bonds 




Bills payable . . . 






1,369.20 




41,775.27 


All other real estate owned 


Deposits subject to check. . . 


49,407.25 


Demand loans 


7,777.09 
17,106.51 
2,679.66 
130.00 
916.85 
9,395.00 


Demand certificates of deposit 


16 153 39 






4.50 


Cash items 


Cashier's checks outstanding 


693 53 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total ^ 




Total 


135,887.26 


135,887.26 











PEOPLES BANK, EAST DURHAM. 



Y. E. Smith, President. 




J. W. Wilkinson 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 24,838.93 


LIABILITIES. 

Capital stock 


$ 10,000 00 


Overdrafts 




United States bonds . ... 




Undivided profits 


470 42 


North Carolina State bonds 


■ 


Dividends unpaid 












Premium on bonds 




Bills payable 






943.88 




13,097.93 


All other real estate owned 


Deposits subject to check 


12,727 08 










Due from banks and bankers . 


13,847.05 

154.75 

395.00 

602.93 

1,723.00 


Due to banks and bankers . 






Cashier's checks outstanding 

Certified checks 


6,210.11 


Gold coin 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total . . 


42,505.54 


42,505 54 









BANK OF EDENTON, EDENTON. 



Julian Wood, President. 




E. C. Rea 


, Cashier. 


RESOURCES. 


$117,990.86 
606.22 


liabilities. 


$ 50,000.00 


Overdrafts 


Surplus fund. . ... 


10,000 00 


United States bonds 




3,336.13 


North Carolina State bonds 




Dividends unpaid 




All other stocks, bonds and mortgages 


26,400.00 

250.00 

4,409.25 


Notes and bills rediscounted 




Bills payable 




Banking house, furniture and fixtures 


Time certificates of deposit 






128,887.16 


Demand loans 


6,475.00 

30,343.37 

586.95 

500.00 

1,308.24 

5,270.00 


Demand certificates of deposit 










Cash items 


Cashier's checks outstanding 


1,767.36 


Gold coin ... 


Certified checks 


149.24 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


194,139.89 


194,139.89 



CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



527 



CITIZENS BANK, EDENTON. 



W. T. Old, President. 




C. H. Wood 


Cashier. 


RESOURCES. 

Loans and discounts 


$ 64,064.06 
541.26 


LIABILITIES. 

Capital stock 


1 25 000 00 






United States bonds 


Undivided profits . . 


4,016 40 


North Carolina State bonds 








All other stocks, bonds and mortgages 




Notes and bills discounted. . 








Bills payable 




Banking house, furniture and fixtures 


8,940.00 


Time certificates of deposit 








70,159.53 


Demand loans 


. 


Demand certificates of deposit 






20,120.06 

945.26 

530.00 

924.98 

3,190.00 












79.69 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


99,255.62 


99,255 62 









CITIZENS BANK OF ELIZABETH CITY, ELIZABETH CITY. 



0. McMuLLAN. President. 




M. R. Griffin 


, Cashier. 


RESOURCES. 


$168,852.44 
4,438.19 


LIABILITIES. 

Capital stock ... 


$ 25,000 00 


Overdrafts 




25,000.00 


United States bonds 


Undivided profits ... . . 


4,466 35 


North Carolina State bonds 


25,000.00 

16,900.00 

200.00 

8,700.00 

1,400.00 

12,454.75 

53,787.33 

2,495.23 

2,282.50 

3,393.81 

6,903.00 


Dividends unpaid 




All other stocks, bonds and mortgages 


Notes and bills rediscounted 










Banking house, furniture and fixtures. 


Time certificates of deposit ...... 








249,659.11 


Demand loans. ... 


Demand certificates of deposit 








1,000.00 


Cash items . . . 


Cashier's checks outstanding 


31 44 




Certified checks 




Silver coin, including all minor coin currency 


Accrued interest due depositors 


1 650 35 


National bank notes and other U. S notes. . . 


Total 




Total 


306,807.25 


306,807.25 









SAVINGS BANK AND TRUST COMPANY, ELIZABETH ^ITY. 



W. T. Old, President. 




H. G. Cramer, Cashier. 


RESOURCES. 

Loans and discounts 


$127,124.66 
56.30 


LIABILITIES. 


$ 25,000 00 


Overdrafts 


Surplus fund 




United States bonds 




8,571 33 


North Carolina State bonds 


5,000.00 
14,000.00 


Dividend' unpaid . . 


12 00 


All other stocks, bonds and mortgages 


Notes and bills rediscounted 






Bills payable.. 




Banking house, furniture and fixtures 


2,000.00 


Time certificates of deposit 


9 000 00 






158,122.05 


Demand loans. . . . 


10,831.25 

37,313.19 

486.00 

167.50 

316.14 

2,646.00 

2,609.75 


Demand certificates of deposit 


Due from banks and bankers 


Due to banks and bankers 




Cash items 


Cashier's checks outstanding 


143 11 


Gold coin 


Certified checks . . 




Silver coin, including all minor coin currency. . 


Accrued interest due depositors 


1,702 30 


National bank notes and other U. S. notes .... 


Total 








Total 


202,5.50.79 


202,550.79 







528 



N. C. CORPORATION COMMISSION. 



BANK OF ELIZABETHTOWN, ELIZABETHTOWN. 



C. W. Lyon, President. 




J.M.Clark 


, Cashier. 


RESOURCES. 


$ 


LIABILITIES. 


$ 2,920.00 


Overdrafts 




Surplus fund 


United States bonds 








North Carolina State bonds 




Dividends unpaid. 




All other stocks, bonds and mortgages 




Notes and bills rediscounted 












Banking house, furniture and fixtures 


1,610.10 














3,702.76 
1,897.42 




5 679 96 














Gold coin 


20.00 

539.57 

415.00 

1,156.37 


Certified checks 




Silver coin, including all minor coin currency . . 


Surplus 


741 26 


National bank notes and other U. S. notes 


Total 








Total 


9,341.22 


9,341.22 









FARMERS AND MERCHANTS BANK. ELKIN. 



W. S. Reich, President. 




W.S.GouGH. Cashier. 


resources. 


$ 19,000.03 


LIABILITIES. 

Capital stock 


$ 13,647.76 


Overdrafts 


Surplus fund 




United States bonds 






310.71 


North Carolina State bonds 




Dividends unpaid 










2,117.89 


Premium on bonds 




Bills payable 




Banking house, furniture and fixtures 


5,770.20 


Time certificates of deposit 


619.80 




13,846.99 


Demand loans 




Demand certificates of deposit 






1,643.76 






Cash items 


Cashier's checks outstanding 


11.00 


Gold coin 


50.00 

589.16 

3,501.00 






Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total . . .... 




Total 


30,554.15 


30,554.15 









CITIZENS BANK, ELK PARK. 



A. P. Brinkley, President. 




W. H. Stapp, Cashier. 


RESOURCES. 


$ 14,012.76 
612.80 


liabilities. 


$ 6,100.00 








United States bonds 




64.10 










All other stocks, bonds and mortgages 


655.00 










Banking house, furniture and fixtures 


732.03 


Time certificates of deposit 


2 691 15 




9,508.31 


Demand loans 




Demand certificates of deposit 






914.45 
380.56 
100.00 
268.71 
903.00 


Due to banks and bankers 




Cash items 


Cashier's checks outstanding 


215.00 




Certified checks 


,75 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .... 


Total 




Total 


18,579.31 


18,579.31 









COIs^DITION OF STATE, PRIVATE AND SAVINGS BANKS. 



529 



BANK OF ELLENBORO, ELLENBORO. 



' D. B. Harrill, President. 




W. S. Simmons 


Cashier. 


RESOURCES. 

Loans and discounts 


$ 17,179.06 
681.23 


LIABILITIES. 

Capital stock . 


•S 4 655 00 








United States bonds .... 


Undivided profits 


1 082 05 










All other stocks, bonds and mortgages 




Notes and bills rediscounted 










4,106 00 




1,353.20 




3,978.00 






9,312 14 




i, 000. 00 

2,144.50 

656.93 












Cash items . 


Cashier's checks outstandinc 


1 384 47 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


616.74 
886.00 


Total 




Total 


24,517.66 


24 517 66 









ELM CITY BANK, ELM CITY. 



John L. Bailey, President. 




E. 0. McGowAN 


Cashier. 


RESOURCES. 


$ 41,745.23 
6,458.95 


liabilities. 

Capital stock 

Surplus fund 


$ 10,000 00 


Overdrafts 




United States bonds 


7,622 53 


North Carolina State bonds 




Dividend'^ unpaid 












Premium on bonds 




Bills payable 




Banking house, furniture and fixtures 


2,597:46 


Time certificates of deposit 


15,110 86 


All other real estate owned 


Deposits subject to check 


22 974 17 


Demand loans 




Demand certificates of deposit . 






2,145.01 










61 95 




2,822.86 


Certified checks - 




Silver coin, including all minor coin currency > 
National bank notes and other U. S. notes . . ) 


Total 




Total 


55,769.51 


55,769.51 









TOISNOT BANKING COMPANY, ELM CITY. 



R. S. Wells, President. 




C. R. Barnes 


, Cashier. 


RESOURCES. 


$ 96,143.15 
1,023.89 


liabilities. 


$ 20,000.00 








United States bonds 


Undivided profits 


1 870 70 






















Bills payable 







4,925.00 




17,893.64 


All other real estate owned 


Deposits subject to check. . . 


103,904.42 


Demand loans . 




Demand certificates of deposit 




Due from banks and bankers 


25,848.35 

3,297.91 

3,632.50 

973.52 

7,911.00 


Due to banks and bankers. . 




Cash items . . 


Cashier's checks outstanding 


86 56 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


143,755.32 


143,755.32 









► 30 



N. C. COllPOKATION C:OMiMlSSIO^\ 



BANK OF ENFIELD, ENFIELD. 



George B. Curtis, President. 




IvEY Watson 


, Cashier. 


RESOURCES. 

Loans and discounts 


$140,265.37 
745.69 


LIABILITIES. 

Capital stock 


$ 10 000 00 






20,000 00 


United States bonds 


Undivided profits. . . . 


4 704 23 










All other stocks, bonds and mortgages 


400.00 


Notes and bills rediscounted 










Banking house, furniture and fixtures 


7,000.00 


Time certificates of deposit 




All other real estate owned 


Deposits subject to check 


155 689 86 










Due from banks and bankers 


34,048.99 

537.06 

1,375.00 

1,521.41 

5,427.00 


Due to banks and bankers . 








426 43 


Gold coin 


Certified checks 








500.00 


National bank notes and other U. S. notes 


Total 




Total 


191,320.52 


191,320.52 



COMMERCIAL AND FARMERS BANK, ENFIELD. 



S. C. Bellamy, President. 



P. 0. Petway, Cashier. 



RESOURCES. 


$ 50,370.80 
4,575,02 


LIABILITIES. 

Capital stock 


$ 10,000 00 


Overdrafts 


Surplus fund 




United States bonds 




1,734.16 


North Carolina State bonds. . 




Dividends unpaid 












Premium on bonds . . . . 




Bills payable 


7,500 00 




5,800.00 


300.00 


AH other real estate owned 


Deposits subject to check . 


59,243 63 










Due from banks and bankers 


15,457.14 

73.01 

295.00 

598.72 

1,846.00 


Due to banks and bankers. . 








237.90 




Certified checks . ... 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


79,015.69 


79,015.69 









BANK OF FAIR BLUFF. FAIR BLUFF. 



J. E. Dick, President. 




J. F. Rogers 


, Cashier. 


RESOURCES. 


$ 30,951.33 
82.06 


liabilities. 
Capital stock. . . 


$ 10,000.00 








United States bonds 


Undivided profits 

Dividends unpaid 


2,615.31 


North Carolina State bonds 














Premium on bonds 




Bills payable 






4,908.04 
300.00 




15,691.67 


All other real estate owned 


Deposits subject to check . 


30,332.20 








Due from banks and bankers . . 


16,374.54 
6,105.93 


Due to banks and bankers. . 




Cash items 


Cashier's checks outstanding 


82 72 


Gold coin . . 


Certified checks 




Silver coin including all minor coin currency 




Total 
















Total 


58,721.90 


58,721.90 



CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



531 



BANK OF FAIRMONT, FAIRMONT. 



A. S. Thompson, President. 




F. L. Blue 


, Cashier 


RESOURCES. 

Loans and discounts 


$ 37,426.24 
367.76 


LIABILITIES. 

Capital stock 


$ 9,500.00 






2,000.00 


United States bonds 


Undivided profits 


1,897.69 


North Carolina State bonds. .' 
























Banking house, furniture and fixtures 


764.21 




3,432.90 




36,113.83 


Demand loans 




Demand certificates of deposit 






10,614.71 







Cash items 


Cashier's checks outstanding 


168.68 


Gold coin 


1,037.50 
1,612.68 
1,290.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


53,113.10 


53,113.10 









BANK OF FAISON, FAISON. 



C. S. HiNES, President. 




M. McD. Williams 


Cashier. 


RESOURCES. 


$ 32,033.00 


LIABILITIES. 

Capital stock 

Surplus fund 

Undivided profits 


$ 10,000.00 




4,000.00 


United States bonds 




489.00 


North Carolina State bonds 




Dividends unpaid 












Premium on bonds 




Bills payable 




Banking house, furniture and fixtures 


3,650.00 


Time certificates of deposit 


12,123.85 






16,690.43 


Demand loans .... 




Demand certificates of deposit 






5,872.03 






Cash items .... 


Cashier's checks outstanding 


675.25 




100.00 

323.50 

2,000.00 






Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


43,978.53 


43,978.-53 









BANK OF FARMVILLE, FARMVILLE. 



R. L. Davis, President. 



J. R. Davis, Cashier. 



RESOURCES. 

Loans and discounts 


% 51,988.68 
3,268.42 


LIABILITIES. 

Capital stock 

Surplus fund 

Undivided profits 


$ 10 000 00 




5,000.00 


United States bonds 


1 183 96 


North Carolina State bonds 






1,000 00 


All other stocks, bonds and mortgages 




Notes and bills rediscounted 








Bills payable 

Time certificates of deposit 


13,000 00 


Banking house, furniture and fixtures. 


1,630.50 


9 833 91 






47,543.67 


Demand loans 




Demand certificates of deposit 






22,764.69 

4,499.07 

117.50 

441.89 

3,495.00 






Cash items 


Cashier's checks outstanding 


562 22 


Gold coin 


Certified checks 


81 99 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes. . . 


Total 




Total 


88,205.75 


88,205.75 







532 



N. C. CORPORATION COMMISSION. 



CUMBERLAND SAVINGS AND TRUST COMPANY, FAYETTEVILLE. 

F. H. Stedman, President. C. W. Rankin, Cashier. 



RESOURCES. 

Loans and discounts 


$ 82,897.39 


LIABILITIES. 

Capital stock 


$ 44 300 00 








United States bonds 




Undivided profits 


853 03 










All other stocks, bonds and mortgages 




Notes and bills rediscounted 












Banking house, furniture and fixtures 


i, 634. 43 


Time certificates of deposit 




All other real estate owned 


Deposits subject to check 


43 388 95 








5,800 24 


Due from banks and bankers 


11,489.64 

1,756.84 

90.00 

429.45 

1,708.00 


Due to banks and bankers 








5,488.53 


Gold coin 


Certified checks . 


25 00 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Accrued interest due depositors 

Total 


150.00 


Total 


100,005.75 


100,005.75 









BANK OF FRANKLIN, FRANKLIN. 



F. S. Johnston, President. 




J. G. SiLEB 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 61,478.76 
381.88 


LIABILITIES, 

Capital stock 

Surplus fund 

Undivided profits 


$ 18,700 00 




2,000.00 


United States bonds 


972 07 




1,000.00 






All other stocks, bonds and mortgages 


Notes and bills rediscounted 






25.00 

1,828.52 






Banking house, furniture and fixtures. . . . 


Time certificates of deposit 




All other real estate owned 


Deposits subject to check 


51 522 13 








28,230.65 


Due from banks and bankers 


32,676.30 


Due to banks and bankers 








460.18 


Gold coin 


275.00 

814.57 

3,405.00 


Certified checks . 




Silver coin, including all minor coin currency . . 
National bank notes and other U. S. notes .... 


Total 




Total 


101,885.03 


101,885.03 









MACON COUNTY BANK, FRANKLIN. 



J. A. Porter, President, 




Lee Crawtore 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 72,537.15 
466.37 


LIABILITIES. 

Capital stock 


$ 25,000 00 


Overdrafts 




1,000.00 


United States bonds 




2,977.03 


North Carolina State bonds. . 








All other stocks, bonds and mortgages 


1,030.00 


Notes and bills rediscounted .... 








Banking house furniture and fixtures 


2.686.85 
10,613.07 


Time certificates of deposit 








41,887.19 


Demand loans 


Demand certificates of deposit 


41,103.82 


Due from banks and bankers 


14,640.43 
7,000.00 
1,000.00 

722.87 
1,852.00 


Due to banks and bankers 




Cash items 




580.70 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


112,548.74 


112,548.74 









CONDITION OF STATIC, PRIVATE AND SA^VINGS BANKS. 



58:^ 



CITIZENS BANK OF FRANKLINTON, FRANKLINTON. 



E. J. Cheatham, President. 




W. F. JOYNEI 


I, Cashier. 


RESOURCES. 


$ 61,828.32 
2,086.76 


LIABILITIES, 

Capital stock 


$ 15,000.00 








United States bonds 


Undivided profits 


2,765.51 


















Premium on bonds 




Bills payable 




Banking house, furniture and fixtures. 


1,248.89 


Time certificates of deposit 








51,396.10 


Demand loans 




Demand certificates of deposit 






2,100.67 

188.88 

335.50 

532.82 

1,786.00 






Cash items 


Cashier's checks outstanding 


946 . 23 








Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


70,107.84 


70,107.84 









BANK OF FREMONT, FREMONT. 



J. T. Hooks, President. 




CuTLAR Lei 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 75,627.19 
3,241.90 


LIABILITIES. 

Capital stock 


$ 24,400.00 








United States bonds 


Undivided profits 


6,206.65 


North Carolina State bonds 




Dividends unpaid 


60 00 


All other stocks, bonds and mortgages 




Notes and bills rediscounted 












Banking house, furniture and fixtures. 


7,989.15 

1,987.05 

8,337.68 

52,055.85 


Time certificates of deposit 


42,523.57 






72,380.31 


Demand loans. . . . 


Demand certificates of deposit. . . . 


18,461 95 








Cash items 


Cashier's checks outstanding 


615 09 




15,408.75 


Certified checks 




Silver coin, including all minor coin currency > 
National bank notes and other U. S. notes . . 


Total 




Total 


164,647.57 


164,647.57 









MERCHANTS AND FARMERS BANK OF GARYSBURG. 6ARYSBURG. 



Dr. a. J. Ellis, President. 




R. L. Reesi 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 13,419.47 
594.65 


LIABILITIES. 

Capital stock 


$ 7,460.00 


Overdrafts 




375.00 


United States bonds 


Undivided profits . . . 


344.0^ 


North Carolina State bonds 








All other stocks, bonds and mortgages 




Notes and bills rediscounted 




Premium on bonds 






2,000.00 


Banking house, furniture and fixtures. 


3,314.83 


Time certificates of deposit 


2,211.85 


All other real estate owned 




9,865.64 


Demand loans 




Demand certificates of deposit 




Due from banks and bankers 


3,661.40 

15.00 

305.00 

206.22 

1,785.00 

50.00 




636.97 


Cash items 




458.07 


Gold coin. . . 


Certified checks 




Silver coin^ including all minor coin currency. . 

National bank notes and other U. S. notes 

Insurance 


Total 








Total 


23,351.67 


23,351.57 









584 



N. C. CORPORATION" COM^IISSTON\ 



GASTON LOAN AND TRUST COMPANY, GASTON I A. 



J. Lee Robinson, President. 




E. G. McLuRD, Treasurer. 


RESOURCES. 

Loans and discounts 


$ 38,699.01 
270.07 


LLU3ILITIES. 

Capital stock 


$ 15,000.00 

2,000.00 

681 16 


Overdrafts 




United States bonds 


Undivided profits 


North Carolina State bonds 








All other stocks, bonds and mortgages 




Notes and bills rediscounted 




Premium on bonds 




Bills payable 


4,000.00 
5,234.45 


Banking house, furniture and fixtures 


6,956.99 
500.00 
274.71 

1,997.30 
101.30 
515.00 
511.09 
740.00 
936.19 

1,261.93 


Time certificates of deposit 


All other real estate owned 


Deposits subject to check 


25 031 04 


Demand loans 




30 00 


Due from banks and bankers 


Due to banks and bankers 




Cash items 




5 65 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .... 
Accounts receivable, secured by real estate. . 
Accounts receivable, insurance department . . 


Accounts payable, insurance department , 
Total 


781.29 


Total 


52,763.59 


52,763 59 









BANK OF GATES, GATESViLLE. 



L. L. Smith, President. 




R. R. Taylor 


, Cashier, 


RESOURCES. 

Loans and discounts 


$ 63,389.57 
90.93 


LIABILITIES. 

Capital stock 


$ 10,000 00 


Overdrafts 




United States bonds 


Undivided profits 


5,608 69 


North Carolina State bonds 






All other stocks, bonds and mortgages 




Notes and bills rediscounted 












Banking house, furniture and fixtures 


3,925.44 
1,500.00 


Time certificates of deposit 


42,272.07 


All other real estate owned 


Deposits subject to check 


36,419 01 








Due from banks and bankers 


19,678.51 

26.84 

845.00 

1,477.19 

5,643.00 


Due to banks and bankers 








90.22 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 


Accrued interest due depositors . . , 


1,186.49 


National bank notes and other U. S. notes 


Total. 




Total 


95,576.48 


95,576.48 









BANK OF GIBSON, GIBSON. 



W. T. Pate, President. 




L. M. Blue 


Cashier. 


RESOURCES. 


$ 56,760.53 


LIABILITIES. 

Capital stock 

Surplus fund 


$ 15,000.00 


Overdrafts 


2,000.00 


United States bonds 




2,652.50 


North Carolina State bonds 








All other stocks bonds and mortgages 




Notes and bills rediscounted . 








Bills payable 




Banking house, furniture and fixtures 


1,297.14 


Time certificates of deposit 






70,730.36 


Demand loans 




Demand certificates of deposit 






25,346.41 






Cash items 


Cashier's checks outstanding 


230.00 


Gold coin 


2,025.00 
1,203.78 
3,980.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U, S. notes 


Total . . 




Total 


90,612.86 


90,612.86 









CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



35 



BANK OF GIBSONVILLE, GIBSONVILLE. 



W. H. Mendenhall, President, 




J. W. Boring 


, Cashier. 


BESOUKCES. 

Loans and discounts 


$ 25,703.10 
15.19 


LIABILITIES. 

Capital stock 


$ 10,000.00 


Overdrafts 


Surplus fund 




United States bonds 


Undivided profits 


311.61 


North Carolina State bonds 




Dividends unpaid 












Premium on bonds 




Bills payable 






771.10 










14,306.27 








7,883.34 




4,227.54 

207.28 

80.00 

573.91 

967.00 




43.90 














Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


32,545.12 


32,545.12 









BANK OF WAYNE, GOLDSBORO. 



E. B. BoHDEN, President. 




W. E. Borden, Cashier. 


RESOURCES. 


$551,583.88 
5.929.13 


LIABILITIES. 

Capital stock 


$ 125,000.00 


Overdrafts 


Surplus fund 

Undivided profits. 


100,000.00 


United States bonds 


35,006.18 


North Carolina State bonds 




Dividends unpaid 




All other stocks, bonds and mortgages 


30,000.00 


Notes and bills rediscounted 










Banking house, furniture and fixtures. 


15,000.00 


Time certificates of deposit 


215,477.60 






274,710.94 


Demand loans. ... . . 


18,894.49 
148,248.69 


Demand certificates of deposit 


534.32 


Due from banks and bankers 


Due to banks and bankers 


44,306 58 


Cash items 


Cashier's checks outstanding 


3,951.42 




2,852.50 

4,731.35 

21,747.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


798,987.04 


798,987.04 



GOLDSBORO SAVINGS AND TRUST COMPANY, GOLDSBORO. 



G. A. Norwood, Jr., President. 



H. C. Smith, Cashier. 



resources. 


$125,731.08 


LIABILITIES. 

Capital stock 

Surplus fund 


$ 15,000.00 


Overdrafts. . 










7,406.28 


North Carolina State bonds. . . 




Dividends unpaid 












Premium on bonds 




Bills payable. . 












All other real estate owned .... 




Deposits subject to check. . . 


108 375 29 


Demand loans 






16,925.78 




20,665.27 
1,311.00 






Cash items. . ] 


Cashier's checks outstanding 




Gold coin 


Certified checks .. . 




Silver coin, including all minor coin currency 
National bank notes and other U. S. notes . . . 


Total 




Total 


147,707.35 


147,707.35 







58r) 



:?^. C. CORPORATION COMMISSION, 



CITIZENS BANK. GRAHAM. 



J. A. Long, President. 




C. C. Thompson 


Cashier. 


RESOURCES. 

Loans and discounts 


$ 27,277.74 
771.87 


LIABILITIES. 

Capital stock 


$ 10 000 00 


Overdrafts. ... 


Surplus fund 


1,000 00 


United States bonds 


Undivided profits . 


433 39 










All other stocks, bonds and mortgages 




Notes and bills rediscounted 




Premium on bonds 




Bills payable 


1 000 00 


Banking house, furniture and fixtures 


1,226.06 


Time certificates of deposit 


7,346 18 


All other real estate owned 


Deposits subject to check 


12,278.86 








Due from banks and bankers . 


2,536.67 


Due to banks and bankers 








276 73 




170.00 
233.82 
119.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .... 


Total 




Total 


32,335.16 


32,335 16 







BANK OF GRANITE, GRANITE FALLS. 



D. H. Warlick. President. 



W. G. Whisnant, 



resources. 
Loans and discounts 


$ 13,491.35 
83.54 


liabilities. 
Capital stock 


$ 8 000 00 


Overdrafts , 


Surplus fund 




United States bonds 


Undivided profits 












All other stocks, bonds and mortgages 




Notes and bills rediscounted 












Banking house, furniture and fixtures 


2,840.38 


Time certificates of deposit . . 


1 730 59 






7,761 41 


Demand loans 




Demand certificates of deposit 






178.93 






Cash items 


Cashier's checks outstanding 


30 01 










Silver coin, including all minor coin currency. . 

National bank notes and other U. S. notes 

Expense 


277.35 
956.00 
274.53 


Profits ., 

Total 


. 580.07 


Total 


18,102.08 


18 102 08 









AMERICAN EXCHANGE BANK, GREENSBORO. 



E. P. Wharton, President. 




R. G. Vaughn 


Cashier. 


resources. 
Loans and discounts 


$740,065.85 
2,182.06 


liabilities. 
Capital stock 


$ 300,000.00 








United States bonds 


Undivided profits 


21,558.82 











All other stocks bonds and mortgages 




Notes and bills rediscounted 


38,750.00 






Bills payable 


















675,007.69 


Demand loans 


176,504.90 
162,105.26 
38,049.02 
14,597.50 
6,922.75 
21,208.00 


Demand certificates of deposit 


28,169.06 






96,039.54 




Cashier's checks outstanding 


1,120.63 


Gold coin 


989.60 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


1,161,635.34 


1,161,635.34 









CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



537 



GREENSBORO LOAN AND TRUST CO., GREENSBORO. 



J. W. Fry, President. 




W. E. Allen, Treasurer. 


RESOURCES. 


$1,089,642.74 
7,907.72 


LIABILITIES. 

Capital stock 


$ 200,000.00 






55,000.00 


United States bonds 


Undivided profits 


23,816.47 


North Carolina State bonds 


10,000.00 

1,600.00 

100.00 

49,985.06 


Dividends unpaid 








52,116.98 


Premium on bonds 


Bill? payable 


30,000 00 


Banking bouse, furniture and fixtures 

All other real estate owned 


Time certificates of deposit 




Deposits subject to check 


1,009,369 63 




94,353.61 
154,-542.15 
14,441.15 
15,843.00 
6,626.18 
56,501.00 




65.305.47 


Due from banks and bankers 


Due to banks and bankers 


25,471.04 


Cash items . . 


Cashier's checks outstanding 

Certified checks 


5,564.83 


Gold coin 


22 27 


Silver coin, including all minor coin currency, 
National bank notes and other U. S. notes . . 


Accrued interest due depositors 

Total 


4,875.92 


Total 


1,471,. 542. 61 


1,471,542.61 









HOME SAVINGS BANK, GREENSBORO. 



C. A. Bray, President. 




T. Glenn 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 12,847.82 


LIABILITIES. 

Capital stock 


$ 25,000 00 








United States bonds . . . 




Undivided profits 


451 62 












24,135.00 








Bills payable 




Bankinir house, furniture and fixtures 


2,076.49 


Time certificates of deposit 


400 00 






28,585.80 












11,039.63 

1,522.75 

1,410.00 

128.40 

1,309.00 






Cash items 


Cashier's checks outstanding 


3i 67 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


.54,469.09 


54,469.09 









BANK OF GREENVILLE. GREENVILLE. 



R. L. Davis, President. 



James- L. Little, Cashier. 



resources. 
Loans and discounts 


$125,862.31 
2,322.82 


LIABILITIES. . 

Capital stock . ... 


$ 25,000 00 


Overdrafts 




25,000.00 


United States bonds 


Undivided profits. ... 


16,789 54 










All other stocks, bonds and mortgages 


2,400.00 


Notes and bills rediscoun ted 








15,060.06 


Banking house, furniture and fixtures. . . . 


8,127.32 


Time certificates of deposit 


21,662 20 






113,164.91 


Demand loans . . 


11,054.33 
52,025.14 

3,117.44 
.531.00 

1,462.18 
10,544.00 


Demand certificates of deposit 










Cash items . 


Cashier's checks outstanding . . 


829 89 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


217,446.54 


217,446.54 









538 



N. C. CORPORATION COMMISSION. 



GREENVILLE BANKING AND TRUST COMPANY, GREENVILLE. 



R. J. Cobb, President. 




C. S. Cabh 


, Cashier. 


EESOURCES. 


$130,452.17 
2,505.84 


LIABILITIES. 


$ 25,000.00 


Overdrafts 


Surplus fund. . 


15 000 00 


United States bonds 


Undivided profits 


5 751 30 












1,300.79 




7,750.00 




Bills payable 




Banking house, furniture and fixtures. 


4,598.17 


Time certificates of deposit 


23 979 33 






106,607.22 


Demand loans 


10,000.00 

26,494.10 

3,721.00 


Demand certificates of deposit 




Due from banks and bankers 


Due to banks and bankers 


72 58 


Cash items 


Cashier's checks outstanding 

Certified checks 


1,342 93 


Gold coin. 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


401.29 
6,030.00 


Total 




Total 


185,503.36 


185,503 36 









BANK OF GRIFTON. GRIFTON. 



L. J. Chapman, President. 




G. T. Gardner 


, Cashier. 


RESOURCES. 


$ 14,063.43 
1,230.28 


LIABILITIES. 

Capital stock 


$ 10,000.00 


Overdrafts 


Surplus fund 




United States bonds 


Undivided profits 


166 14 










All other stocks, bonds and mortgages 




Notes and bills rediscounted. 












Banking house, furniture and fixtures. 


1,199.52 


Time certificates of deposit 








9.683.80 


Demand loans. . . 




Demand certificates of deposit 






2,788.16 






Cash items 


Cashier's checks outstanding 


29 85 






Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


198.40 
400.00 


Total 




Total 


19,879.79 


19,879.79 







BANK OF GROVER, GROVER. 



J. F. Jenkins, President. 




B. F. TURNEI 


t. Cashier. 


RESOURCES. 


$ 14,512.34 
3.53 


LIABILITIES. 

Capital stock 


$ 5,000.00 


Overdrafts 


Surplus fund. . 




United States bonds 




300.74 


North Carolina State bonds 




Dividends unpaid. . . 




All other stocks bonds and mortgages 




Notes and bills rediscounted 




Premium on bonds 




Bills payable 




Bankin" house furniture and fixtures 


1,103.64 


Time certificates of deposit 


1 298 70 






8,092.86 


Demand loans 




Demand certificates of deposit. 






99.11 




869.79 


Cash items 


Cashier's checks outstanding 


518.14 


Gold coin 


25.00 

10.61 

326.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


16,080.23 


16,080.23 









CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



89 



BANK OF HALIFAX, HALIFAX. 



W. H. S. BuRGWYN, President. 




F. H. Gbeqory 


Cashier. 


RESOURCES. 


$ 11,886.74 
203.96 


LI.\BILITIES. 


$ 4,450.00 


Overdrafts .. 


Surplus fund. . . .... 


154.00 


United States bonds 




86.66 


North Carolina State bonds. . 




Dividends unpaid. ... 


10.00 


All other stocks bonds and niort°'ao'es 




Notes and bills rediscounted 








Bills payable 






466.07 






All other real estate owned 


Deposits subject to check 


13,769.57 


Demand loans 




Demand certificates of deposit 






3,890.82 
175.00 






Cash items 


Cashier's checks outstanding' 






Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


335.64 
1,512.00 


Total 




Total 


18,470.23 


18,470.23 









BANK OF HAMILTON HAMILTON. 



C. H. Baker, President. 



E. A. Council, Cashier. 



RESOURCES. 


$ 11,108.66 


LLVBILITIES. 


S 5,000.00 


Overdrafts 


Surplus fund 




United States bonds 






311.48 


North Carolina State bonds 




Dividends unpaid 












Premium on bonds 




Bills payable 




Banking house, furniture and fi.xtures 


570.65 


Time certificates of deposit 


4,518.76 


All other real estate owned 


Deposits subject to check 


13,455.26 










Due from banks and bankers 


9,915.19 

177.82 


Due to banks and bankers 


1,000.00 


Cash items 


Cashier's checks outstanding 


134.60 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


277.78 
2,370.00 


Total 




Total 


24,420.10 


24,420.10 









BANK OF HAMLET, HAMLET. 



E. A. Lackey, President. 




J. S. Bishop 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 57,596.95 
317.51 


LIABILITIES. 

Capital stock 


$ 9,500 00 


Overdrafts 


Surplus fund 


5,700.00 


United States bonds 


Undivided profits 


1 704 27 








7.00 


All other stocks, bonds and mortgao'es. . . . 




Notes and bills re'iiscounted 


5,000 00 






Bills payable 






3,020.00 


Time certificates of deposit 








52,548.50 


Demand loans 




Demand certificates of deposit. . . . 






10,828.84 

436.95 

752.50 

650.29 

3,226.00 




1,835.10 


Cash items .... 


Cashier's checks outstanding 


216 22 




Certified checks 


317.95 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total .. . 


76,829.04 


76,^^.29 04 









540 



N. C. CORPORATION COMMISSION 



GRANITE SAVINGS AND TRUST COMPANY, HAW RIVER. 

B. S. Robertson, President. 



J. A. Long, Cashier. 



RESOURCES. 

Loans and discounts 


$ 33,677.27 
3.41 


LIABILITIES. 

Capital stock 


$ 5,000 00 






United States bonds 


Undivided profits. ... 


720 89 


North Carolina State bonds 




Dividends unpaid 












Premium on bonds 




Bills payable 


8 000 00 




930.49 


3,830.71 


All other real estate owned 


Deposits subject to check . . 


24,336 56 












3,952.68 
266.83 
120.00 
619.12 

2,661.00 






Cash items 


Cashier's checks outstanding 


342 64 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


42,230.80 


42,230.80 









CITIZENS BANK, HENDERSON. 



J. B. Owen, President. 



W. A. Hunt, Cashier. 



RESOURCES. 

Loans and discounts . . 


$450,311.14 
7,755.01 


LIABILITIES. 

Capital stock 


$ 100,000 00 






45,000.00 


United States bonds 


Undivided profits 


16,791.17 


North Carolina State bonds 




Dividends unpaid 






28,500.00 

961.25 

10,732.73 






Premium on bonds 


Bills payable 








39,440.00 


All other real estate owned 


Deposits subject to check . . 


246,669 85 








173,907.05 


Due from banks and bankers . . . 


112,979.41 

15,283.30 

735.00 

1,291.38 

21,317.00 

1,871.73 


Due to banks and bankers . . 


28,406.53 






1,480.66 


Gold coin 


Certified checks 


42.69 


Silver coin, including all minor coin currency. . 

National bank notes and other U. S. notes 

Insurance department 


Total 








Total 


651,737.95 


651,737 95 









CITIZENS BANK, HENDERSONVILLE. 



F. E. Durfee, President. 



C. E. Brooks, Cashier. 



resources. 


$ 54,824.26 
111.87 


LIABILITIES. 

Capital ^tock 


$ 29,330.00 


Overdrafts 


Surplus fund 




United States bonds 




1,529.68 


North Carolina State bonds 




Dividends unpaid ... 












Premium on bonds 




Bills payable . 






2,543.71 




15,443.63 


All other real estate owned. . . 


Deposits subject to check 


41,544.08 


Demand loans 




Demand certificates of deposit. . . . 






23,583.62 

268.42 

322.50 

1,722.01 

4,695.00 








Cashier's checks outstanding 


224.00 






Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


88,071.39 


88,071.39 









CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



541 



HAYNES BANK, HENRIETTA. 



R. R. Haynes, President. 



J. B. Watkins, Cashier. 



RESOURCES. 


$ 10,354.75 


LIABILITIES. 

Capital stock 


$ 6,000.00 






United States bonds 




Undivided profits 


393 17 


North CaroHna State bonds 




Dividends unpaid. .. . 




All other stocks bonds and mortgages 




Notes and bills rediscounted 








Bills payable 


110.00 


Banking house, furniture and fixtures 


1,000.00 


Time certificates of deposit 






15,903.85 


Demand loans 


8,000.00 
3,228.51 


Demand certificates of deposit 


2,545 00 








Cash items 


Cashier's checks outstanding 


1 437 76 




1,000.00 

.584.52 

2,500.00 


Certified checks 




Silver coin, including all minor coin currency. . 


Accrued interest due depositors 


55.00 
223.00 




Total 




Total 


26,667.78 


26,667.78 









HERTFORD BANKING COMPANY, HERTFORD. 



W. S. Blanchard, President. 



L. W. Norman, Cashier. 



RESOURCES. 

Loans and discounts 


$ 83,416.33 


LIABILITIES. 

Capital stock 

Surplus fund 


$ 15,000.00 




10,000.00 


United States bonds 




1,885.48 


North Carolina State bonds 
















Premium on bonds 




Bills payable 

Time certificates of deposit 


15 000 00 


Banking house, furniture and fixtures 


10,000.00 


17,546.00 


All other real estate owned 


Deposits subject to check 


60,953 20 












16,033.44 

2,003.63 

235.00 

1,588.45 

8,166.00 








Cashier's checks outstanding 

Certified checks 


1,048.17 


Gold coin 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


121,442.85 


121,442 85 







* HICKORY BANKING AND TRUST COMPANY. HICKORY. 

J. F. Abernathy, President. 



W. X. Reid, Cashier. 



resources. 


$108,702.74 
1,315.70 


liabilities. 

Capital stock 

Surplus fund 


$ 35.000.00 


Overdrafts . 








3,638.74 


North Carolina State bonds. . 




Dividends unpaid 




All other stocks, bonds and mortgages 


1,250.00 


Notes and bills rediscounted 


is, 000. 66 


Premium on bonds 


Bills payable . . 






8,293.33 






All other real estate owned 


Deposits subject to check . . 


51 985 81 




6,036.14 

12.812.43 

332.54 

932.50 

1,183.75 

4,877.00 




36,024.88 


Due from banks and bankers 


Due to banks and bankers 








1,089.70 


Gold coin. ... 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


145,739.13 


145,739.13 









542 



N. C. COKPORATION COMMISSION. 



HIGH POINT SAVINGS AND TRUST COMPANY, HIGH POINT. 

S. H. H1LLI.A.RD, President. E 



L. Rag.\n, Cashier. 



RESOURCES. 

Loans and discounts 


$105,595.24 


LIABILITIES. 

Capital stock 


$ 25,000 00 








United States bonds 




Undivided profits 


7,905 36 


North Carolina State bonds 




Dividends unpaid 












Premium on bonds 




Bills payable . . 






1,080.82 






All other real estate owned 


Deposits subject to check. . . 


93,i62 io 












16,603.29 

188.45 

253.50 

974.16 

1,372.00 






Cash items 


Cashier's checks outstanding 




Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


126,067.46 


126,067.46 







HOME BANKING COMPANY, HIGH POINT. 



T. F. Wrenn, President. 




G. F. KiRBY, Cashier. 


RESOURCES. 


$127,015.16 
790.66 


LIABILITIES. 

Capital stock 


$ 30,258 75 


Overdrafts 










876.47 


North Carolina State bonds . 




Dividends unpaid 












Premium on bonds 




Bills payable . 






2,114.46 




50.00 






118,113 05 


Demand loans 




Demand certificates of deposit 






10,749.69 

1,408.53 

665.00 

2,531.73 

3,290.00 

54.04 

700.00 










21.00 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 

National bank notes and other U. S. notes 

Cash collection. 


Total 












Total 


149,319.27 


149,319.27 









NORTH CAROLINA SAVINGS BANK AND TRUST COMPANY, HIGH POINT. 

0. E. Kearns, Acting President. L. A. Briles, Secretary and Treasurer. 



RESOURCES. 


$ 51,789.60 

576.77 

6,234.50 


LIABILITIES. 

Capital stock 


$ 98,220 GO 


Overdrafts 






United States bonds 






4,077 22 


North Carolina State bonds. 


Dividends unpaid 




All other stocks, bonds and mortgages 


5,400.00 


Notes and bills rediscounted 


5,239.91 


Premium on bonds. . . 


Bills payable 


10 000 00 




90,141.86 




2,500.00 






72,791 97 


Demand loans 


549.95 

34,867.75 

1,141.20 

735.00 

323.04 

3,135.00 


Demand certificates of deposit 














2,065.57 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


194,894.67 


194,894.67 









CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



543 



BANK OF ORANGE, HILLSBORO. 



J. S. Spurgeon, President. 



P. C. Collins, Cashier. 



RESOURCES. 


$ 70,197.17 


LIABILITIES. 

Capital stock 


$ 5,000.00 


Overdrafts 


Surplus fund. 








Undivided profits 

Dividends unpaid 


6,419.36 


North Carolina State bonds. . 




13 50 










Premium on bonds 




Bills payable 


5 000 00 


Banking house, furniture and fixtures 


1,412.07 


Time certificates of deposit 


36,153.43 


All other real estate owned 


Deposits subject to check 


54 116 69 




9,000.00 
21,821.67 






Due from banks and bankers 


Due to banks and bankers . 










Gold coin. ... ... 


210.00 
1,262.07 
2,800.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


106,702.98 


106,702 98 









BANK OF HOPE MILLS. HOPE MILLS. 



H. W. Lilly, President. 




E. W. Laslet 


, Cashier. 


RESOURCES. 


$ 28,736.80 
1,987.50 


LIABILITIES. 

Capital stock 


$ 5 100 00 


Overdrafts 






Undivided profits . . . 


517 42 


North Carolina State bonds 

















Premium on bonds 




Bills payable 


4 500 00 


Banking house, furniture and fixtures 


4,870.07 


Time certificates of deposit 


25,240.87 


All other real estate owned . . . 


Deposits subject to check 


9 999 15 




900.00 

6,696.21 

516.39 






Due from banks and bankers 










803 15 


Gold coin 






Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


1,034.62 
1,419.00 


Total 




Total ■ . .^ 


46,160.59 


46 160 59 









BANK OF HOT SPRINGS, HOT SPRINGS. 



J. M. G.\NNT, President. 




C. J. Ebbs 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 14,406.85 
125.64 


LIABILITIES. 


$ 10,000.00 


Overdrafts 


Surplus fund . 


United States bonds 


Undivided profits 


899 13 


North Carolina State bonds 




Dividends unpaid 




All other stocks, bonds and mortgages 








Premium on bonds 








Banking house, furniture and fixtures 


2,965.77 


Time certificates of deposit 




All other real estate owned 




9,740.65 
1 646 27 


Demand loans 


300.00 

2,227.15 

124.64 


Demand certificates of deposit 


Due from banks and bankers 


Due to banks and bankers 




Cash items 


Cashier's checks outstanding 




Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


224.00 
1,912.00 


Total 




Total 


22,286.05 


22 286 05 









544 



N. C. CORPORATION COMMISSION. 



BANK OF NORTHAMPTON, JACKSON. 



J. T. Flythe, President. 



H. H. Grant, Cashier. 



RESOURCES. 


$ 38,332.00 
1,386.19 


LIABILITIES. 


$ 5,000 00 


Overdrafts. . . . . 


Surplus fund 


2 850 00 






104.39 


North Carolina State bonds 




Dividends unpaid . . 


















6,000 00 




3,220.00 










42,150.14 












10,278.05 

1,504.80 

421.00 

489.66 

618.00 






Cash items 


Cashier's checks outstanding 


145 17 








Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .... 


Total 




Total 


56,249.70 


56,249 70 









BANK OF JACKSONVILLE, JACKSONVILLE. 



M. M. C.-iPPS, President. 




George Bryan 


, Cashier. 


RESOURCES. 

Loans and discounts . ... 


$ 10,917.53 
269.43 


LIABILITIES. 

Capital stock 


$ 5,000 00 


Overdrafts 






United States bonds . . . 


Undivided profits 


156.32 


North Carolina State bonds 




Dividends unpaid 










3,723.21 


Premium on bonds 




Bills payable 




Banking house, furniture and fixtures 

All other real estate owned 


839.56 




3,625.00 


Deposits subject to check. . . . 


4,048.51 




i, 180.25 

1,949.38 

15.75 

460.00 

233.54 

795.00 
















108.40 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total . . . 


16,681.44 


16,661.44 









BANK OF ONSLOW, JACKSONVILLE. 



J. W. Burton, President. 




N. S. Cochran 


, Cashier. 


RESOURCES. 


$ 29,065.34 
424.00 


LIABILITIES. 


$ 9,700.00 


Overdrafts 


Surplus fund. . 








1,546.38 














Notes and bills rediscounted .... 










5,000.00 




2,000.00 


Time certificates of deposit 


4,740.08 






16,519,69 






Demand certificates of deposit 






3,734.85 








Cashier's checks outstanding 


184.85 




392.50 

514.31 

1,560.00 






Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .... 


Total 




Total 


37,691.00 


37,691.00 









CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



545 



BANK OF ASHE, JEFFERSON. 



J. E. FiNLEY, President. 




W. H. Worth 


Cashier. 


RESOURCES. 

Loans and discounts 


$ 61,285.93 
727.72 


LIABILITIES. 

Capital stock 


$ 15,000.00 






3,000.00 


United States bonds 


Undivided profits 


780.44 


North Carolina State bonds 






All other stocks, bonds and mortgages 




Notes and bills rediscounted 








Bills payable 




Banking house furniture and fixtures 


807.23 


Time certificates of deposit . . 


25,995.43 






54,946.46 


Demand loans 




Demand certificates of deposit 






32,564.75 

781.20 

130.00 

194.77 

3,805.00 




140.27 


Cash items 


Cashier's checks outstanding 

Certified checks 


234.00 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


100,096.60 


100,096.60 



BANK OF JONESBORO, JONESBORO. 



J. L. Godfrey, President. 




A. W. Huntley 


, Cashier. 


RESOURCES. 


$ 18,854.50 
255.16 


LIABILITIES. 


$ 6,000.00 


Overdrafts . 


Surplus fund . 


1 500 00 






597.44 


North Carolina State bonds 
















Premium on bonds 




Bills payable 






2,390,00 




12,407.70 


All other real estate owned 


Deposits subject to check 


20 906 35 




9,016.00 
4,013.19 
3,562.20 
100.00 
450.58 
2,800.00 






Due from banks and bankers 


Due to banks and bankers 








30.14 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


41,441.63 


41,441.63 









BANK OF KENLY, KENLY. 



R. A. Hales. President. 




R. H. Alford 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 34.235.36 
641.80 


LIABILITIES. 

Capital stock 


$ 10,000 00 


Overdrafts 






United States bonds 


Undivided profits 


1,289 31 


North Carolina State bonds 






16.00 








8,500 00 


Premium on bonds 




Bills payable 




Banking house, furniture and fixtures. 


700.00 


Time certificates of deposit 




All other real estate owned 




27,514.31 


Demand loans 




Demand certificates of deposit 




Due from banks and bankers 


9,459.65 






Cash items 




320 20 


Gold coin. . . . 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


453.01 
2,150.00 


Total . . 




Total 


47,639.82 


47 639 82 









546 



N. C. CORPORATION COMMISSION. 



BANK OF KERNERSVILLE, KERNERSVILLE. 



W. H. Mendenhall, President. 




G. V. FuLP 


, Cashier. 


RESOURCES. 

Loans and discounts 


S 54,242.72 
275.45 


LIABILITIES. 

Capita! stock 


$ 7 500 00 






1 500 00 


United States bonds 


Undivided profits. . . 


2 099 36 


North Carolina State bonds 








All other stocks, bonds and mortgages 


1,000.00 


Notes and bills rediscounted 






Bills payable 




Banking house, furniture and fixtures 


1,173.36 


Time certificates of deposit 


45,180 81 


All other real estate owned. 


Deposits subject to check 


25 347 15 


Demand loans 


6,230.00 

14,611.89 

101.70 

1,307.50 

968.38 

2,101.00 


Demand certificates of deposit 








233.28 
51.40 






Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U.S. notes 


Total 




Total 


81,912.00 


81,912.00 









FORSYTH BANK AND TRUST COMPANY, KERNERSVILLE. 



J. Van Lindlet, President. 




J. M. GUYEB 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 11,439.60 


LIABILITIES. 

Capital stock 


$ 6 750 00 


Overdrafts 


Surplus fund. . 




United States bonds 




Undivided profits 


404 67 


North Carolina State bonds 




Dividends unpaid 




All other stocks, bonds and mortgages. . . 




Notes and bills rediscounted 












Banking house, furniture and fixtures. 


250.66 


Time certificates of deposit 


1,449 56 




Deposits subject to check 

Demand certificates of deposit . 


5,122.81 


Demand loans. ... ... 




3,846 50 




3,203.10 














1,400.00 

107.84 

1,173.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .... 


Total 




Total .... 


17,573.54 


17 573 54 









KINGS MOUNTAIN BANK, KINGS MOUNTAIN. 



F. DiLLiNG, President. 




W. S. DiLLING 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 50,803.27 


LIABILITIES. 

Capital stock 


$ 10,000 00 


Overdrafts. . . 






United States bonds 




Undivided profits 


2,859 28 


North Carolina State bonds 








All other stocks, bonds and mortgages . 




Notes and bills rediscounted 


28,500 00 






Bills payable 




Banking house, furniture and fixtures. 


300.00 


Time certificates of deposit 




All other real estate owned 


Deposits subject to check 


18 307 92 




3,400.00 
7,217.05 




3,500.00 


Due from banks and bankers 


Due to banks and bankers 




Cash items 






Gold coin 




Certified checks . 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


485.88 
961.00 


Total 




Total.. .. 


63,167.20 


63,167.20 







CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



547 



PEOPLES LOAN AND TRUST COMPANY. KINGS MOUNTAIN. 



C. J. Rhodes, President. 




M. E. Herndon 


, Cashier. 


RESOURCES. 


$ 25,781.87 
25.07 


LIABILITIES. 


$ 10,000.00 


Overdrafts 


Surplus fund 








876.00 


North Carolina State bonds 




Dividends unpaid 










8,500.00 


Premium on bonds 




Bills payable 




Banking house, furniture and fixtures 

All other real estate owned 


1,954.33 




5,454.59 


Deposits subject to check. . . 


13,928.69 










Dup from banks and bankers 


7,874.94 


Due to banks and bankers. . 








307.90 


Gold coin 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .... 


430.97 
3,000.00 


Total . 




Total 


39,067.18 


39,067 18 









HOLLOWAY, BORDEN, HICKS & CO., BANKERS, KINSTON. 



T. B. HoLLOWAY. President. 




J. G. B ANTON 


. Cashier. 


KESOURCES. 

Loans and discounts 


$ 4,848.71 
313.60 


LIABILITIES. 

Capital stock 


$ 2,275.19 



































394.48 


Banking house, furniture and fixtures 


1,058.19 


Time certificates of deposit 


2,000 00 






4.701.60 


Demand loans. ... ... 


Demand certificates of deposit. . . . 






1,394.08 






Cash items 


Cashier's checks outstanding 






217.50 
380.12 
242.00 
917.07 


Certified checks 




Silver coin, including all minor coin currency. . 

National bank notes and other U. S. notes 

Expense 


Total 




Total .... 


9,371.27 


9 371 27 









BANK OF LA GRANGE, LA GRANGE. 



G. A. Norwood, Jr., President. 



J. D. Walters, Cashier. 



RESOXmCES. 

Loans and discounts 


$ 26,907.00 
4,316.42 


LIABILITIES. 

Capital stock 


$ 10 000 00 


Overdrafts 




2,500.00 


United States bonds 


Undivided profits 


643 92 










All other stocks, bonds and mortgages. . 





Notes and bills rediscounted 








Bills payable 




Banking house, furniture and fixtures 


887.02 


Time certificates of deposit 


8 315 00 






23,385.44 


Demand loans 


4,400.00 
5,943.67 


Demand certificates of deposit 




Due from banks and bankers 






Cash items 


Cashier's checks outstanding 


518 05 


Gold coin 




Certified checks 




Silver coin, including all minor coin currency . . 
National bank notes and other U.S. notes 


512.30 
2,396.00 


Total 




Total 


45,362.41 


45 362 41 









548 



N". C. CORPOEATION" COMMISSION. 



ROUSE BANKING COMPANY, LA GRANGE. 



N. J. Rouse, President. 



T. R. Rouse, Cashier. 



RESOURCES. 

Loans and discounts 


$ 63,199.49 
4,527.16 


LIABILITIES. 

Capital stock 


$ 25,000.00 
3,967.39 
1 518 09 






United States bonds 


Undivided profits 


North Carolina State bonds 






All other stocks, bonds and mortgages 




Notes and bills rediscounted 




Premium on bonds 




Bills paj'able 


5, 000. 66 
16 850 00 


Banking house, furniture and fixtures 


1,095.00 
9,150.00 


Time certificates of deposit . 


All other real estate owned 


Deposits subject to check 


35 412 21 








Due from banks and bankers 


4,432.44 

19.81 

640.00 

219.43 

5,858.00 


Due to banks and bankers 


967 64 






486 00 


Gold coin 


Certified checks. . . 




Silver coin, including all minor coin currency. . 
National bank notes and other U.S. notes 


Total 




Total 


89,141.33 


89,141 33 









SCOTLAND COUNTY SAVINGS BANK, LAURINBURG. 



A. L. James. President. 




HiNTON JaMEC 


, Cashier. 


RESOURCES. 

Loans and discounts 


$158,810.78 


LIABILITIES. 

Capital stock 


$ 10,000 00 












Undivided profits 


2,453.09 


North Carolina State bonds 




Dividends unpaid 




All other stocks, bonds and mortgages 


7,000.00 


Notes and bills rediscounted 




Premium on bonds 


Bills payable 






250.00 
1,500.00 




15,411.38 


All other real estate owned 


Deposits subject to check 


155 553 38 








Due from banks and bankers 


16,857.07 


Due to banks and bankers . 










Gold coin . 




Certified checks 




Silver coin including all minor coin currency 




Accrued interest due depositors 


1 000 00 






Total 










Total 


184,417.85 


184,417.85 









STATE BANK, LAURINBURG. 



J. A. Jones, President. 




W. H. Cooper 


, Cashier. 


RESOURCES. 

Loans and discounts 


$226,944.99 
8,745.12 


LIABILITIES. 

Capital stock 


$ 40,000 00 






12,036.60 


United States bonds 


Undivided profits 


4,160.41 










All other stocks, bonds and mortffages .... 




Notes and bills rediscounted 




Premium on bonds 




Bills payable 






27,130.41 




81,465.25 


All other real estate owned 


Deposits subject to check 


178,777 43 




500.00 
46,535.11 
1,152.34 
1,822.50 
1,870.93 
4,728.00 






Due from banks and bankers 


Due to banks and bankers 




Cash items 


Cashier's checks outstanding 

Certified checks . . 


1,989.71 


Gold coin 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .... 


Accrued interest due depositors 


1 000 00 


Total 




Total 


319,429.40 


319,429.40 



CONDITION OF STATE, PRIVATE AND SAVINCJS BANKS. 



45 > 



BANK OF LEAKSVILLE. LEAKSVILLE. 



D. F. King, President. 




A. T. HoppEB 


, Cashier. 


RESOURCES. 


$120,046.60 
2,123.98 


LIABILITIES. 


$ 30,000.00 


Overdrafts 


Surplus fund 


5,000 00 




Undivided profits 


5,415.08 


North Carolina State bonds 




Dividends unpaid 












Premium on bonds 




Bills payable 






885.00 




72,480.58 






54,123.82 










Due from banks and bankers 




35,727.80 


Due to banks and bankers 


3,i89 14 






436.19 


Gold coin 


621.00 
2,137.02 
11,260.50 


Certified checks 


198 25 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .... 


Accrued interest due depositors 

Total 


1,958.84 


Total 


172,801.90 


172,801.90 







PEOPLES BANK, LEAKSVILLE. 



S. L. Martin, President. 




A. E. MiLLNER 


Cashier. 


RESOURCES. 

Loans and discounts 


$ 16,607.60 
17.05 


LIABILITIES. 

Capital stock 

Surplus fund 


$ 13,850.00 






United States bonds 


181.02 


North Carolina State bonds 




Dividends ynpaid 




All other stocks, bonds and mortgages 




Notes and bills rediscounted 












Banking house, furniture and fixtures 


3,119.41 


Time certificates of deposit 


9,442.96 






12,090.72 


Demand loans 




Demand certificates of deposit 






11,687.86 

119.26 

45.00 

86.52 

3,882.00 






Cash items 


Cashier's checks outstanding' 






Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


35,564.70 


35,564.70 









BANK OF LENOIR, LENOIR. 



G. W. F. Harper, President. 




J. H. Beall 


, Cashier. 


RESOURCES. 

Loans and discounts 


$193,739.62 
799.99 


LIABILITIES. 

Capital stock 


.1 40,000.00 


Overdrafts 






United States bonds 


Undivided profits . . 


4,906.54 


North Carolina State bonds 


6,500.00 
500.00 
165.00 

3,250.00 






All other stocks, bonds and mortgages 


Notes and bills rediscounted 




Premium on bonds 


Bills payable 




Banking house, furniture and fixtures 


Time certificates of deposit 




All other real estate owned 




i74,756.92 


Demand loans 




Demand certificates of deposit 


31,876.71 


Due from banks and bankers 


36,049.63 




542.01 


Cash items 


Cashier's checks outstanding 




Gold coin ) 


11,077.94 


Certified checks 




Silver coin, including all minor coin currency > 
National bank notes and other U. S. notes . . ) 


Total 




Total 


252,082.18 


252,082 18 









550 



N. C. CORPORATION COMMISSION. 



BANK OF LEXINGTON, LEXINGTON. 



G. W. MoNTC.\STLE, President. 




W. H. Mendenhall 


Cashier. 


RESOURCES. 


$307,939.99 
4.694.19 


LI.\BILITIES. 

Capital stock 


$ 50,000 00 


Overdrafts. . 


Surplus fund 


17 500 00 


United States bonds 


Undivided profits 

Dividends unpaid 


8,795.72 
135 00 


North Carolina State bonds 






16,920.59 








Bills payable . . . 






3,899.84 




30,948.20 


All other real estate owned 


Deposits subject to check. . . 


94,564.13 


Demand loans 


16,606.66 
37,237.20 
1,100.29 
2,125.50 
1,358.23 
10,308.00 




187,060.95 






6,498.21 


Cash items 


Cashier's checks outstanding 


81 62 








Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


395,583.83 


395,583.83 









COMMERCIAL AND SAVINGS BANK, LEXINGTON. 



J. W. McCrary, President. 



J. F. Deaderick, Cashier. 



RESOTTRCBS. 

Loans and discounts 


$ 86,461.13 
215.87 


LIABILITIES. 

Capital stock 


$ 25,000.00 




1,000.00 


United States bonds . 




2,149.64 




























2,730.14 






All other real estate owned 


Deposits subject to check 


26,636 50 








58,682.80 


Due from banks and bankers 


16,331.73 
55.26 

7,759.11 

1,000.00 


Due to banks and bankers 




Cash items 




798.87 


Gold coin ) 


Certified checks . . 


275.43 


Silver coin, including all minor coin currency > 
National bank notes and other U. S. notes . . \ 


Total 








Total 


114,553.24 


114,553.24 









BANK OF LIBERTY, LIBERTY. 



G. A. Foster, President. 




W. M. Hannej 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 25,083.66 
161.86 


LIABILITIES. 

Capital stock 


$ 10,000.00 


Overdrafts 


Surplus fund 


204 . 88 


United States bonds 


Undivided profits 

Dividends unpaid 


862.62 


North Carolina State bonds * 






All other stocks, bonds and mortgages 

Premium on bonds 


3,783.75 






Bills payable . . 






2,605.03 






All other real estate owned 


Deposits subject to check 


38,792.25 




100.00 
13,264.72 






Due from banks and bankers 


Due to banks and bankers 


357.59 




Cashier's checks outstanding 


988.57 




1,892.50 
1,729.39 
2,585.00 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


51,205.91 


51,205.91 









CONDITION OF STATE, PRIVATJ: AND SAVINGS BANKS. 



551 



BANK OF LILESVILLE, LILESVILLE. 



J. F. Alexander, President. 



B. R. Wall, Cashier. 



RESOURCES. 


$ 19,590.54 


LIABILITIES. 

Capital stock 

Surplus fund 


$ 10,000.00 


Overdrafts 




United States bonds 






3,251.13 


North Carolina State bonds 




Dividends unpaid 












Premiuni on bonds 




Bills payable 


2,000.00 


Banking house, furniture and fixtures 

\l\ other real estate owned 


1,922.09 
50.00 




Deposits subject to check 


23,648.42 








Due from banks and bankers 


9,009.26 
2,000.00 
500.00 
121.76 
4,012.00 
1,754.62 


Due to banks and bankers 




Cash items . . .... 




60.72 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 

National bank notes and other U. S. notes 

Expense 


Total 




Total. . 


38,960.27 


38,960.27 









BANK OF LILLINGTON, LILLINGTON. 



N. A. Smith, President. 




H. T. Spears 


, Cashier. 


RESOURCES. 

Ixjans and discounts . ..... 


$ 13,254.07 
149.46 


liabilities. 
Capital stock 


S 6,800.00 








United States bonds 


Undivided profits 


.5.38.46 


North Carolina State bonds 




Dividends unpaid 




All other stocks, bonds and mortgages 




Notes and bills rediscounted 












Banking house, furniture and fixtures. . . 


2,826.64 


Time certificates of deposit 








29,783.88 


Demand loans . . . 


89.52 

14,528.22 

2,814.92 

.327.. 50 

575.01 

2,557.00 


Demand certificates of deposit 










Cash items . . . 


Cashier's checks outstanding 




Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes. . . 


Total 




Total 


37,122.34 


37, 122.. 34 









BANK OF LITTLETON, LITTLETON. 



J. H. Harrison, President. 




H. F. BoNNE-i 


, Cashier. 


RESOURCES. 


S 79,. 549.. 50 
6.50.20 


LIABILITIES. 

Capital stock 


$ 10,000.00 


Overdrafts 


8,. 525. 20 


United States bonds 




806.01 


North Carolina State bonds 




Dividends unpaid . 












Premium on bonds 




Bills payable 


5,000 00 




371.42 




All other real estate owned 


Deposits subject to check. 


81,237 94 


Demand loans 




Demand certificates of deposit 




Due from banks and bankers. . . . 


20,-598.09 

268.-58 

141.00 

1,493.-35 

2,720.00 


Due to banks and bankers. . 








222.99 


Gold coin . . 


Certified checks 




Silver coin, including all minor coin ci'.rrency . . 
National bank notes and other U. S. notes 


Total 




Total 


105,792.14 


105,792 14 









bb: 



N. C. COItPOKATlON COMMISSION. 



PLANTERS BANK, LITTLETON. 



T. .J. Miles, President 



M. J. Grant, Cashier. 



RKSOURCES. 


$ 29,060.19 
10.52 


LIABILITIES. 

Capital stock 


$ 9 375 00 


Overdrafts 


Surplus fund 






Undivided profits 


234 86 


North Carolina State bonds. . 




Dividends unpaid 












Premium on bonds 




Bills payable. . . . 


1 000 00 




2,233.25 










32,108 70 


Demand loans . 




Demand certificates of deposit 






9,674.12 
102.37 
1X2.50 
362.42 

1,615.00 






Cash items 


Cashier's checks outstanding 


521 81 








Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes. . . 


Total ... 




Total 


43,240.37 


43 240 37 









FARMERS AND MERCHANTS BANK, LOUISBURG. 



William Bailey, President. 



T. W. Watson, Cashier. 



RESOURCES. 


$ 98,528.24 
1,573.32 


LIABILITIES. 


$ 23,500.00 


Overdrafts 


Surplus fund 




United States bonds 


Undivided profits 


17,495 63 










All other stocks, bonds and mortgages . . 




Notes and bills rediscounted 


3 000 00 








20,000.00 


Banking housf , furniture and fixtures 


7,231.48 


Time c(:rtificates of deposit 


13,727 21 






72,192.04 


Demand loans . . 


14,000.00 

22,115.17 

1,289.73 

60.00 

2,772.71 

2,865.00 


Demand certificates of deposit 










Cash items . . . 


Cashier's checks outstanding 


520.77 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


150,435.65 


150,435 65 









BANK OF LUMBERTON, LUMBERTON. 



A. W. McLean, President. 




C. B. Townsend 


, Cashier. 


RESOURCES. 


$142,420.36 
3,513.60 


LIABILITIES. 


$ 50,000.00 


Overdrafts 


Surplus fund. . 




United States bonds 




9,775.93 


North Carolina State bonds 




Dividends unpaid 




All other stocks bonds and mortgages 




Notes and bills rediscounted 












Bankin" house furniture and fixtures 


3,. 383. 27 
510.00 


Time certificates of deposit 








159,724.81 


Demand loans 


Demand certificates of deposit 






52,328,80 

3,669.21 

880,00 

5,684,90 

7,396.00 






Cash items 


Cashier's checks outstanding 


285.40 






Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


219,786.14 


219,786.14 









CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



e553 



ROBESON COUNTY LOAN AND TRUST COMPANY, LUMBERTON. 

A. W. McLe.'Ust, President. C. H. Morrow, Cashier. 



RESOURCES. 

Loans and discounts 


$ 86,057.63 


LIABILITIES. 

Capital stock 


$ 10,000.00 


Overdrafts . . 






United States bonds 




Undivided profits 


3,699.33 


North Carolina State bonds 








All other stocks bonds and mortgages 




Notes and bills rediscounted 












Bankinf house, furniture and fixtures 


399.86 
3,382.89 
2,050.00 
10,837.52 


Time certificates of deposit 








90,286.23 


Demand loans 


Demand certificates of deposit 










Cash items 


Cashier's checks outstanding 












Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


257.66 
1,000.00 


Total 




Total 


103,985.56 


103,985.56 









BANK OF MADISON, MADISON. 



J. M. G.\LT.owAY, President. 



J. 0. Ragsdale, Cashier. 



RESOURCES. 


$108,239.47 
313.44 


LIABILITIES. 

Capital stock 

Surplus fund 


$ 20,000.00 


Overdrafts 




United States bonds 




9,361.96 


North Carolina State bonds 




Dividends unpaid 










2,500 00 


Premium on bonds 




Bills payable 




Banking house, furniture and fixtures 


2,200.00 


Time certificates of deposit 


29,867 74 






96.177.56 


Demand loans 




Demand certificates of deposit 




Due from banks and bankers 


32,486.30 

322,16 

1,385.00 

823.82 

13,377.00 


Due to banks and bankers 


i 026 46 


Cash items 


Cashier's checks outstanding 


213 47 








Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


159,147.19 


159,147.19 









BANK OF M ANTED, MANTEO. 



R. C. Evans, President. 




R. B. Etheridge 


Cashier. 


RESOURCES. 


$ 7,227.58 


LIABILITIES. 

Capital stock 


S 5,200.00 


Overdrafts •. . . . 


Surplus fund. . 


188 16 


United States bonds 






1,530 06 


North Carolina State bonds 





Dividends unpaid . . 











1,000.00 


Premium on bonds 




Bills payable . . . 






2,126.48 






All other real estate owned 


Deposits subject to check . 


7,854 57 


Demand loans 








Due from banks and bankers 


3,258.78 


Due to banks and bankers . 




Cash items 




136.38 


Gold coin 




Certified checks 








Total 




National bank notes and other U. S. notes 

Expense. . 


2,319.43 
978.90 








Total 


15,909.17 


15 909 71 









554 



N. C. CORPORATION^ COMMISSION. 



MERCHANTS AND FARMERS BANK, MARION. 



T. F. Wrenn, President. 




R. F. Burton 


Cashier. 


RESOURCES. 

Loans and discounts 


$116,560.86 
400.42 


LIABILITIES. 


$ 27,000.00 
1 652 66 


Overdrafts 




United States bonds 


Undivided profits 


2,633.97 


North Carolina State bonds 




Dividends unpaid. .. 


All other stocks, bonds and mortgages 








Premium on bonds 








Banking house, furniture and fixtures 


2,400.00 




63,330 05 


All other real estate owned 


Deposits subject to check 


57,843.70 








Due from banks and bankers 


34,2ii.58 


Due to banks and bankers 


10 229 03 


Cash items 




285 35 


Gold coin 


4,125.00 

822.90 

4,454.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


162,974.76 


162,974.76 







BANK OF FRENCH BROAD, MARSHALL. 



J. J. Redman, President. 




W. B. Ramsey 


, Cashier. 


RESOURCES. 


$103,133.22 
690.27 


LIABILITIES. 


$ 25 000 00 


Overdrafts 


Surplus fund. . 




United States bonds 




16,672.61 


North Carolina State bonds 




Dividends unpaid . . 












Premium on bonds 




Bills payable 




Banking house, furniture and fixtures 


5,000.00 
5,286.96 


Time certificates of deposit 






Deposits subject to check 

Demand certificates of deposit 


57 639 30 


Demand loans. . . 


52 831 55 




22,012.29 
49.34 
285.00 
829.96 

10,215.00 






Cash items. . . . 


Cashier's checks outstandin"' 


1 358 58 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S, notes 


Total 




Total 


147,502.04 


147,502.04 









BANK OF MARSHVILLE, MARSHVILLE. 



J. H. Lee, President. 



W. E. McWhirter, Cashier. 



RESOURCES. 


$ 38,312.00 
4,580.34 


LIABILITIES. 


$ 10,000.00 


Overdrafts 


Surplus fund 


4,500.00 


United States bonds 


Undivided profits 


753 69 


North Carolina State bonds 




Dividends unpaid 

Notes and bills rediscounted 


134.00 


All other stocks, bonds and mortgages 






Premium on bonds 




Bills payable 


5.000.00 


Banking house, furniture and fixtures 


1,976.72 


Time certificates of deposit 


12,583.24 






27,984.78 


Demand loans 




Demand certificates of deposit. . . . 






13,452.09 






Cash items 


Cashier's checks outstandin."' 


253.93 










Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes. . . 


42.49 
2,846.00 


Total 




Total 


61,209.64 


61,209.64 









CONDITION OF STATE, PRIVxiTE AND SAVINGS BANKS. 



555 



BANK OF MAXTON. MAXTON. 



T. 0. Evans, President. 




0. C. Spaulding 


, Cashier. 


RESOURCES. 


$172,006.23 
5,159.86 


LIABILITIES. 

Capital stock 


$ 40,000.00 


Overdrafts 


Surplus fund 


10,000.00 


United States bonds 




5,577.64 


North Carolina State bonds . . . 




Dividends unpaid 










35,774.51 


Premiuni on bonds 




Bills payable 


20 000 00 




4,000.00 

1,000.00 

42,410.00 

22,982.34 

294.68 

110.00 

6,110.85 

10,504.00 






All other real estate owned 


Deposits subject to check 


110,379.08 






41,799.97 












1,046.76 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .. . 


Total 




Total 


264,577.96 


264,577.96 









MAYSVILLE BANKING AND TRUST COMPANY, MAYSVILLE. 



T. A. Green, President. 




George E. Weeks 


, Cashier. 


RESOURCES, 


$ 706.03 


LIABILITIES. 

Capital stock 


$ 4,850.00 


Overdrafts 






United States bonds 








North Carolina State bonds 






44.32 


All other stocks, bonds and mortgages 




Notes and bills rediscounted 












Banking house, furniture and fixtures. . . . 


2,541.15 


Time certificates of deposit 


100 00 






5,532.15 


Demand loans . 




Demand certificates of deposit 






6,296.72 






Cash items 


Cashier's checks outstanding 








Certified checks 




Silver coin, including all minor coin currency 


696.10 

■■209;ii' 

92.36 


Suspense 


15.00 


National bank notes and other U. S. notes . . 
Expsnse 


Total 












Total 


10,541.47 


10,541 47 









COMMERCIAL AND FARMERS BANK. MEBANE. 



J. B. Mason, President. 



S. G. Morgan, Cashier. 



RESOURCES. 

Loans and discounts 


$ 32,661.37 


LIABILITIES. 

Capital stock . 


$ 8,000 00 






1,000.00 


United States bonds 




Undivided profits. .. . 


1,406 96 








6.00 


All other stocks, bonds and mortgages 




Notes and bills rediscounted 










7,200.00 


Banking house, furniture and fixtures. 


4,274.49 


Time certificates of deposit 


6,644.96 






18,603.76 


Demand loans. . . 


2,250.00 
3,880 57 
366.75 
215.00 
1,045.60 
2,234.00 


Demand certificates of deposit 














648 74 




Certified checks 


17.23 


Silver coin, including all minor coin currency. . 


Savings deposits 


3,397 13 


National bank notes and other U. S. notes .. . 


Total 




Total 


46,927.78 


46,927.78 









556 



N. C. CORPORATION COMMISSION. 



BANK OF CASWELL, MILTON. 



R. L. Watt, President. 



E. HiNES, Jr., Cashier. 



RESOURCES. 


$ 12,536.01 
316.35 


LIABILITIES. 


$ 5,000.00 






600 00 


United States bonds .... 


Undivided profits 


450 42 










All other stocks, bonds and mortgages 




Notes and bills rediscounted 












Banking house, furniture and fixtures 


280.00 


Time certificates of deposit 


7,122.10 


All other real estate owned 


Deposits subject to check 


12 629 62 




3,652.67 

5,403.48 

51.18 

405.00 

705.45 

2,572.00 






Due from banks and bankers 


Due to banks and bankers 




Cash items 

Gold coin 


Cashier's checks outstanding 

Certified checks 


20.00 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes .... 


Accrued interest due depositors 

Total . .. 


100.00 


Total 


25,922.14 


25,922 14 









BANK OF DAVIE. MOCKSVILLE. 



W. A. Bailey, President. 



T. J. Bterly, Cashier. 



resources. 


$144,994,45 

5,045.31 

800.00 


liabilities. 
Capital stock 


$ 20,000.00 


Overdrafts . ... 


Surplus fund 




United States bonds 


Undivided profits 


5 569 71 








All other stocks, bonds and mortgages 




Notes and bills rediscounted 






40.00 
3,590.00 








Time certificates of deposit 


94,127.04 






77,306 88 


Demand loans 




Demand certificates of deposit 






32,545.29 
1,309.69 
2,220.00 
2,075.00 
4,560.00 






Cash items .... 


Cashier's checks outstanding 


176 11 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


197,179.74 


197,179.74 









W. S. Blakeney, President. 



BANK OF UNION, MONROE. 



W. C. Stack, Cashier. 



resources. 
Loans and discounts 


$220,539.99 
11,954.73 


liabilities. 
Capital stock 


$ 50,000 00 








United States bonds 


Undivided profits 


2,097 73 








597.50 


All other stocks, bonds and mortgages 

Premium on bonds 


4,300.00 


Notes and bills rediscounted 

Bills payable 


10,000.00 
20,000 00 




4,713.96 




99,801.54 






81,730.48 











Due from banks and bankers 


17,631.66 


Due to banks and bankers 


2,784 89 


Cash items 


Cashier's checks outstanding 

Certified checks 


52.45 


Gold coin 


468.50 

460.75 

6,995.00 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


267,064.59 


267,064.59 









CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



557 



SAVINGS. LOAN AND TRUST COMPANY, MONROE. 



R. B. Redwine, President. 



H. B. Cl.'^rk, Cashier. 



RESOURCES. 

Loans and discounts 


$ 81,243.62 
4,233.44 


LIABILITIES. 

Capital stock 

Surplus fund 


$ 25.000.00 




1,000.00 


United States bonds 


1,116 48 


North Carolina State bonds 




Dividends unpaid. . . . 


136 40 








7,724.95 


Premium on bonds 




Bills payable . . 


14 500 00 


Banking house, furniture and fixtures 

All other real estate owned 


1,800.00 
570.00 




27,916.42 


Deposits subject to check . . 


13 478 65 


Demand loans . . 


Demand certificates of deposit 






6,340.95 

50.00 

140.00 

163.19 

1,755.00 

1,000.00 


Due to banks and bankers 




Cash items 


Cashier's checks outstanding 


21 82 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 

National bank notes and other U. S. notes 

Insuiance investment 




6,401 48 


Total 








Total 


97,296.20 


97,296 20 









BANK OF MOORESVILLE, MOORESVILLE. 



G. C, Goodman, President. 



C. P. McNeely. Cashier. 



RESOXJRCES. 

Loans and discounts 


$115,241.98 
2,150.53 


liabilities. 
Capital stock 


$ ,"0,000 00 








United States bonds 


Undivided profits. . . . 


19 021 65 


North Carolina State bonds 








411 other stocks, bonds and mortga^'es .... 




Notes and bills rediscounted . ... 


5 000 00 




. 




15,000.00 


Banking house, furniture and fixtures 


4,800.00 


Time certificates of deposit . . . 


32 045 11 






53,184 25 


Demand loans 


5,000.00 
24,121.28 

532.29 
1,147.50 

353.50 
1,522.00 


Demand certificates of deposit 










Cash items 


Cashier's checks outstanding 


368 07 


Gold coin 










250.00 


National bank notes and other U. S. notes 


Total 




Total 


154,869.08 


154,869 08 









MERCHANTS AND FARMERS BANK, MOORESVILLE. 



E. W. Brawley, President. 




A. W. COLSON 


, Cashier. 


RESOURCES. 

Loans and discounts 


$ 41,650.54 
882.38 


liabilities. 
Capital stock 


$ 24 750 00 








United States bonds 


Undivided profits 


1 009 44 










All other stocks, bonds and mortgages 




Notes and bills rediscounted 








Bills payable 


10,000 00 


Banking house, furniture and fixtures. . . 


7,940.64 


Time certificates of deposit 








19,138 22 


Demand loans 


6,000.00 

2,367.06 

357.60 

165.00 

194.40 

1,037.00 


Demand certificates of deposit 


5 159 41 






135 43 


Cash items . 


Cashier's checks outstanding 


336 92 


Gold coin 






Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Accrued interest due depositors 

Total 


65.20 


Total 


60,594.62 


60 594 62 









558 



I^f. C. COEPORATIOJs" COMJMISSION. 



BANK OF CARTERET, MOREHEAD CITY. 



R. W. Taylor, President. 




C. V. Webb, Cashier. 


RESOURCES. 


$ 45,162.96 
2,707.02 


LIABILITIES. 


$ 20 000 00 


Overdrafts 


Surplus fund . 


3 586 22 


United States bonds 




1 109 32 


North Carolina State bonds 




Dividends unpaid 




All other stocks, bonds and mortgages 




Notes and bills redi'jcounted 










11 850 00 


Banking house, furniture and fixtures 


7,286.15 
500.00 




7,500.00 






16,568 85 


Demand loans ... 


Demand certificates of deposit 






781.52 




1,762 58 


Cash items 


Cashier's checks outstanding 


209 23 




150,00 
1,798.55 
4,200.00 






Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total . .. 


62,586.20 


62,586.20 







BANK OF MORGANTON, M0R6ANT0N. 



J. A. Dickson, President. 




W. E. Walton 


, Cashier. 


RESOURCES. 


$ 48,013.89 
171.34 


LIABILITIES. 

Capital stock 


$ 16,000 00 


Overdrafts 


Surplus fund 




United States bonds 




2,241 79 


North Carolina State bond's 




Dividends unpaid 












Premium on bonds 




Bills payable 


5 000 00 




1,139.64 




5,457 95 


All other real estate owned 


Deposits subject to check 


44 187 37 










Due from banks and bankers . . . 


18,045.10 


Due to banks and bankers 




Cash items 


Cashier's checks outstanding 




Gold coin 


900.00 
1,433.14 
3,184.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


72,887.11 


72,887 11 









BANK OF MORVEN, MORVEN. 



T. V. Hardison, President. 



M. L. Ham, Cashier. 



RESOURCES. 


$ 39,849.67 
1,718.08 


liabilities. 


$ 20,000.00 


Overdrafts 


Surplus fund. . 


2,500 00 






3,375.76 


North Carolina State bonds 




Dividends unpaid . . 












Premium on bonds 




Bills payable 

Time certificates of deposit 


4,000.00 


Banking house, furniture and fixtures 

All other real estate owned 


1,050.00 




Deposits subject to check 

Demand certificates of deposit . . . 


22,415.44 


Demand loans 








7,747.91 








Cashier's checks outstanding 


232.65 




400.00 

358.19 

1,400.00 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 





Total 


52,523.85 


52,523.85 







CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



559 



BANK OF MOUNT AIRY, MOUNT AIRY. 



J. H. Prather, President. 



W. J. Byerly, Cashier. 



RESOURCES. 

Loans and discounts 


$166,839.42 
328.36 


LIABILITIES. 

Capital stock 

Surplus fund 


$ 50,000.00 


Overdrafts 




United States bonds 




6,047,92 


North Carolina State bonds 




Dividends unpaid 




All other stocks bonds and mortgages 




Notes and bills rediscounted 


5,000 00 


Premiurn on bonds 




Bills payable 




Banking house, furniture and fixtures 

All other real estate owned 


6,956.32 


Time certificates of deposit .... 




Deposits subject to check 


90,887.20 








30,928.26 


Due from banks and bankers 


47,769.49 

305.45 

702.50 

2,986.98 

19,052.00 


Due to banks and bankers 


60,343 56 






1,733.58 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


244,940.52 


244,940 52 









SURRY COUNTY LOAN AND TRUST COMPANY, MOUNT AIRY. 

W. F. Carter, President. G. D. Fawcett, Cashier. 



RESOURCES. 

Loans and discounts 


$ 27,236.49 


LIABILITIES. 

Capital stock . . 


$ 23 500 00 


Overdrafts. . . 


Surplus fund 




United States bonds 




Undivided profits 


1 670 36 










All other stocks, bonds and mortgages 




Notes and bills rediscounted 














1,040.32 










14,246 69 


Demand loans 




Demand certificates of deposit 


1 728 24 




9,366.69 












Gold coin. ... . 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 




41.79 
3,460.00 


Total 




Total 


41,145.29 


41,145 29 









BANK OF MOUNT GILEAD, MOUNT GILEAD. 



J. A. McAuLAY, President. 



W. B. Cochran, Cashier. 



RESOURCES. 

Loans and discounts 


$ 55,795.33 
223.08 


LIABILITIES. 

Capital stock 


$ 10 000 00 






5 800 00 


United States bonds 




781 15 
















5,500.00 






Bills payable 


Banking house, furniture and fixtures 


3,000.00 


Time certificates of deposit 


9,857 71 


All other real estate owned 


Deposits subject to check 


36 060 83 


Demand loans 




Demand certificates of deposit. 




Due from banks and bankers 


5,575.39 










488 93 


Gold coin 


1,600.03 

892.79 

1,402.00 


Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Total 




Total 


68,488.62 


68 488 62 









560 



]Sr. C. CORPORATION COMMISSIOIST. 



MOUNT HOLLY BANK, MOUNT HOLLY. 



H. 0. Rhtne, President. 



J. A. CosTNER, Cashier. 



RESOURCES. 


$ 39,220.55 
1,309.01 


LIABILITIES. 


$ 10,500.00 


Overdrafts 


Surplus fund. 


United States bonds 


Undivided profits 


1,436.23 


North Carolina State bonds 




Dividends unpaid. . . 


All other stocks, bonds and mortgages 




Notes and bills rediscounted 


6,500.00 
5,000.00 
6,776 52 








Banking house, furniture and fixtures 


500.00 


Time certificates of deposit 


All other real estate owned 


Deposits subject to check 


19,376.00 


Demand loans 




Demand certificates of deposit 


Due from banks and bankers 


8,451.54 










1 776 20 


Gold coin. . . . . . 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


638.85 
1,245.00 


Total 




Total 


51,364.95 


51,354 95 









BANK OF MOUNT OLIVE, MOUNT OLIVE. 



W. E. Borden, President. 




M. T. Beazeali 


, Cashier. 


RESOURCES. 


$112,553.70 
277.00 


LIABILITIES. 


$ 25,000 00 


Overdrafts 


Surplus fund. . 


3 500 00 


United States bonds 


Undivided profits 


859 21 


North Carolina State bonds 




Dividends unpaid. . . . 






5,000.00 






Premium on bonds 


Bills payable 


25,000 00 




5,000.00 










35,031 94 


Demand loans 




Demand certificates of deposit 


48 294 45 




11,256.58 






Cash items 


Cashier's cheeks outstanding 


215 49 


Gold coin 




Certified checks 




Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes. . . 


513.81 
3,300.00 


Total 




Total 


137,901.09 


137,901.09 









J. E. Kelly, President. 



CITIZENS BANK OF MOUNT OLIVE, MOUNT OLIVE. 

J. E. MoRRisETTE, CashicF. 



resources. 
Loans and discounts 


$ 25,207.15 
78.92 


LIABILITIES. 

Capital stock 


$ 15,000 00 








United States bonds 


Undivided profits 


816.49 
















4,140.00 






Bills payable . . 






6,478.60 
400.00 




9,221.61 


All nthpr rpal pstnt.p nwnpd 


Deposits subject to check 


11,539 64 








Due from banks and bankers 


4,163.42 
169.98 
365.00 
711.38 

3,375.00 


Due to banks and bankers 








39.67 




Certified checks 


15.00 


Silver coin, including all minor coin currency. . 
National bank notes and other U. S. notes 


Accrued interest due depositors 

Total 


177.04 


Total 


40,949.45 


40,949.45 









CONDITION OF STATE, PRIVATE AND SAVINGS BANKS. 



561 



PEOPLES BANK, MURFREESBORO. 



D. C. B.\RNES, President. 




P. E.Jenkins 


, Cashier. 


RESOURCES. 

oans and discounts 

Overdrafts 


$ 79,655.20 
264.81 


LIABILITIES. 

Capital stock 

Surplus fund 


$ 10,000.00 
8,000.00 


United States bonds 




2,076.58 










\11 other stocks bonds and mortgages 




Notes and bills rediscounted 








Bills payable 




Bankin"' house furniture and ^xtures 


2,502.92 


Time certificates of deposit . . . 








80,024.18 












12,463.16 

5.00 

1,721.00 

106.08 

3,475.00 






Cash items 




92.43 




Certified checks 




Silver coin, including all minor coin currency 
National bank notes and other U. S. notes . . 


Total 




Total 


100,193.17 


100,193.17 









BANK OF MURPHY, MURPHY. 



J. H. Carter, President. 



L. E. B.\yless, Cashier. 



RESOURCES. 


$ 139,587.56 


LL-IBILITIES, 


$ 40,000.00 


Overdrafts 


Surplus fund. . 


11,500 00 


United States bonds 


... . 




2,090.25 


North Carolina State bonds. 




Dividends unpaid 






3,000.00 




6,106.63 


Premium on bonds 


Bills payable. . . 






8,640.00 






All other real estate owned 


Deposits subject to check . 


61,354 79 









42,426 68 


Due from banks and bankers . 


11,232.01 
3,169.70 


Due to banks and bankers 


3 000 00 






3,631.70 


Gold coin . . . . 


Certified checks 




Silver coin, including all minor coin currency 
National bank notes and other U. S. notes . . 


9i7.76 
3,563.00 


Total 




Total 


170,110.03 


170 110 03 









BANK OF NASHVILLE, NASHVILLE. 



S. F. Austin, President. 




W. G. DoziER, Cashier. 


RESOURCES. 

Loans and discounts 


$ 63,504.02 
6,194.52 


LIABILITIES. 

Capital stock 


$ 5,000 00 


Overdrafts . . 


Surplus fund 


7 500 00 






579.42 


North Carolina State bonds 




Dividends unpaid 










21,844 41 


Premium on bonds 




Bills payable 


6 000 00 


Banking house, furniture and fixtures 


1,800.00 


Time certificates of deposit 


9,076.73 


All other real estate owned 


Deposits subject to check 


28 488 37 


Demand loans 


3,416.18 
386.16 

3,394.95 
215.00 
99.20 

1,296.00 


Demand certificates of deposit 


150 00 


Due from banks and bankers 


Due to banks and bankers 


1 473 17 


Cash items 




193 93 


Gold coin 


Certified checks 




Silver coin, including all minor coin currency 
National bank notes and other U. S. notes . . 


Total 




Total 


80,306.03 


80 306 03 







562 



N. C. CORPOEATION COMTkllSSION. 



MUTUAL AID BANKING COMPANY, NEW BERN. 



J. P. Stanley President. 



J. H. Fisher, Cashier. 



RESOURCES. 

Loans and discounts 


$ 7,951.24 
359.51 


LIABILITIES. 

Capital stork . 


$ 3 795 00 






106.73 


United States bonds 


Undivided profits. . . . 


102 12 


North Carolina State bonds - . . . . 






20.80 


All other stocks, bonds and mortgages 




Notes and bills rediscounted. . . . 




Premium on bonds 




Bills payable 


900 00 


Banking house, furniture and fixtures 


1,257.93 
1,250.65 


Time certificates of deposit . 


3,764 97 


All other real estate owned 


Deposits subject to check 


4 724 70 








Due from banks and bankers 


2,101.43 


Due to banks and bankers 










Gold coin. ... . 


20.00 
121.56 
352.00 


Certified checks 




Silver coin, including all minor coin